(7/1000)
Ascending Triangle for MEG. Not Confirmed yet.
Pros:
1- Bullish Ascending triangle
2- Descending volume during formation
3- PPS above 50MA and 200MA
4- RS above 0 but just a tiny bit
5- R/R ratio above 5
6- 250RSI above 50 but a bit flat
7- 50MA above 200MA
8- 50 MA and 200MA ascending.
9- Golden cross circled in blue
Cons:
1- ATR is descending, less...
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
Hey Everyone. Over the past few weeks I've been following MEG (Meg Energy) on the TSX and I'm sharing my prediction for a reversal of current price. With a beta of 3.11 MEG is very volatile and over the past few days a few strong patterns have surfaced, obviously the small double bottom (#2) APR 7-APR 8 that proved to be true. Now we see a double top surface (#1 &...
worth a trade at these levels. Valuation is ridiculous at $63 WTI their free cash flow yield is 50%. Could announce buyback program which is what they will probably do as no interest in this sector so need to manufacture higher share price.
