As we can see the chart, from Feb 1st the price range established in $8 channel.
It is already bounced from the $8.20 toward higher targets, and now getting ready to break through the next resistant poit of $8.80, after that the next target will be $9.98
Timeframe to reach the price target might be by end of Feb to mid March.
Considering the current price of brent oil that is higher than $60, the Q1 report might look better than Q4 of 2020, also Husky deal effect comes to the picture with a better revenue and sale which attracts more money into CVE.
MFI, RSI and CCI on daily chart are in line for a bulish trend!
This is an estimation for a short term investment, for sure long term investors collect more fruits from this stock.
It is already bounced from the $8.20 toward higher targets, and now getting ready to break through the next resistant poit of $8.80, after that the next target will be $9.98
Timeframe to reach the price target might be by end of Feb to mid March.
Considering the current price of brent oil that is higher than $60, the Q1 report might look better than Q4 of 2020, also Husky deal effect comes to the picture with a better revenue and sale which attracts more money into CVE.
MFI, RSI and CCI on daily chart are in line for a bulish trend!
This is an estimation for a short term investment, for sure long term investors collect more fruits from this stock.