VET // Wedge formationThere is price above the falling channel, let's look for a second close above this channel. Pay attention to the wedge resistance on the daily time frame.
2.64%
5.89CAD
1.313BCAD
3.192BCAD
158.871M
About VERMILION ENERGY INC
Sector
Industry
CEO
Dion Hatcher
Website
Headquarters
Calgary
Employees (FY)
740
Founded
1994
ISIN
CA9237251058
Vermilion Energy, Inc. engages in the acquisition, exploration, development, and production of oil and natural gas. It operates through the following geographical segments: Canada, United States of America, France, Netherlands, Germany, Ireland, Australia, and Corporate. The company was founded by Lorenzo Donadeo and Claudio A. Ghersinich in 1994 and is headquartered in Calgary, Canada.
VET is pumping profits LONGVET like OXY is showing a great chart with consistent price action.
Fundamentally, it has had great earnings reports in the past year.
It rates an 8/8 on the Minervini Trend scale showing strength and duration of trend
as very high. Vermillon Energy has been strong in the general market downturn.
VET at extreme trend resistance! be careful! :o👌on the break of this trend we can see a rally to 30+, rejection will lead to downside to 16-20 area.
long trigger 27.49 / short trigger 22.42 (break of pivot area)
VET - Long energy and exploration Pull back from a solid base. Opportunity to pilot a small position and watch price action. Energy sector is the only game in town.
VET - Cup breakupCup and handle (or Cup without handle) are continuation patterns (of the prior trend). VET was in an uptrend before it went into a 3 month consolidation forming a "Cup" pattern. It finally broke above the neckline yesterday on STRONG volume (strong volume breaks tend to be more sustainable).
Exp
Breaking out of consolidationAfter several weeks of consolidation, this appears to be breaking out. my next price targets are $25 and then $32.
will the trend break hold? breaking this small bearish downtrend channel, good risk reward if we use the break back into same channel as our stop loss.
targeting 20.30-21.55-22.7 in the short term
VET Breaking outVET in key range maybe will breakout to higher.
Ascending Triangle on shorter time frame
VET in a symmetrical triangleWaiting for a breakout to either side. Close above for a long position.
$VET nice VCP with bullish sweepsNice technical set up and bullish PUT sweeps at the bid to support, interesting one trader opened 12/16 22.5 puts for about 310K in premium.... stock is trading at 21.95 implying strong upside move .
For the more conservative, can wait for pennant / triangle breakout to go long / short, depending
See all ideas
Trade directly on the supercharts through our supported, fully-verified and user-reviewed brokers.
