TC Energy Corp looks like it may flip from here. Within the March Low Range.
Small recovery last week looks like it triggered a reversal. Keep a close eye. Had to break and hold red fib.
Entered at 52$
Looking for at least 61.50$
Zooming out from all the way back to 2000, whenever price has dipped below the 200 ema it has bounced back up, moreover it has respected this long term trendline ( closing price) . I think it's fair to say we can ignore the corona crash as that was pure panic.
Taking a look at the daily we can see it has reached oversold...
For those that follow my ideas, one of my top performing sectors of 2020 is the Canadian Energy sector in which will be set to rebound relatively strongly after being decimated for the past while. Specifically, I believe the Canadian Energy sector will quite strongly outperform the US Energy sector from a shift in policy, increase in cap-x and more money entering...