CPG - Double Bottom Doubles Money

28 thg 8, 2019

Quick refresher to previous ideas on CPG. Patience will pay off on this trade. Owning CPG is pretty safe right now after 90% drop from highs and consolidation/reversal pattern showing up at the bottom.

3 thg 9, 2019

Ghi chú

This is why CPG did not fall today. And we got a 100mln buyer until end of the year. ~20mln shares.
crescentpointenergy.com/invest/news/crescent-point-announces-sale-uinta-basin-and-non-core-saskatchewan-assets-cash-proceeds

11 thg 9, 2019

Ghi chú

After a good run CPG stick is being bought on dropping oil. Hold until it hits double bottom target.

17 thg 9, 2019

Ghi chú

Update with Bollinger Bands and moving averages.
Daily - 50SMA crosses 200SMA - an indication of a major rally.


Weekly chart is more interesting and indicating that major rally only starting.


Hold CPG stock until rally matures and our targets of $6.5, $9 or even $18 will be hit. Patience will pay off on this trade. It is long term investment/trade. It can take 1-3 years to extract maximum of its potential.