XEG: Canadian Energy a bit More Energetic?
The daily chart gives me a little more optimism in the recovery of this beleaguered ETF and energy stocks in general. As I noted in my previous analysis, XEG has been in a downward channel for the last 10 years - wow!
Is there a chance of recovery? If it breaks $8.20 level we can see the price appreciating all the way up to $9.50. Let's see if that happens :)
Happy trading and please do your own due diligence when making financial decisions!
Is there a chance of recovery? If it breaks $8.20 level we can see the price appreciating all the way up to $9.50. Let's see if that happens :)
Happy trading and please do your own due diligence when making financial decisions!
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Here is the link to my previous related idea:
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Today's price action was encouraging.
I believe we are on the way towards $8.00
I believe we are on the way towards $8.00
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$8 was successfully reached today
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Breakout happening?