Spike's Scientific Stock Analysis

[New-born baby]

CNQ Thanks

CNQ thanks to you, Spike. I watch the oil plays and they want to accelerate higher, but usually late in the day they encounter heavy selling. That tells me that decision time is approaching. Thanks for your input.

[spikefader]

Greetings,

Could some of you with alot more chart reading skill give aread on this?



The nice entry around $10 looks sweet,but is this tradable?Or wait for some pattern to emerge?It appears to me to be a bullish bias,am I way off?Any input is always appreciated.

cordially Tom

It needs to resolve the symmetry I think before it's worth lookin' at.

[spikefader]

Hi NB. Sorry for the late reply.

Dave gave the correct interpretation I think.

But here's what it is tonight imho


Good luck.

[Peter Hansen]

Spike AUY, OCPI, SIRF LOOKING GOOD!

Spike these three popped up on my radar screen.....I probably will buy one of these 3...... AUY, OCPI, SIRF .....on Monday plus my POW pick of this week CIEN. Which of the 3 would you pick???? Thank You..... Spike......you are a gentleman and a scholar. PETE!

<< Notice though that it fails to make a lower low (D). >>

True, but that remains to be seen, Runner. Until the E high is taken out, the potential exists for a lower low than D.

That notwithstanding, the overall trend YTD has been higher and a symmetrical triangle is a consolidation pattern. I can see a test of the B low that holds, and then CNQ working its way higher.

I agree with that Dave.

The bias is lower, Tom. Using the 2/10 high and last week's low, CNTF retraced 38.2% higher and stalled. That's bearish. The stall occurred below the 50 and 200DMAs; that's also bearish.

Greetings,

Thanks Dave,some patterns I can read,but the choppiness with the booming days left me without a clue.I see what you're talking about with its running out of ''juice'' at lower price.

cordially Tom

<< Notice though that it fails to make a lower low (D). >>

True, but that remains to be seen, Runner. Until the E high is taken out, the potential exists for a lower low than D.

That notwithstanding, the overall trend YTD has been higher and a symmetrical triangle is a consolidation pattern. I can see a test of the B low that holds, and then CNQ working its way higher.

Dave, I find CNQ interesting and so have given it further study. It put in a high at point (A). Then falls to point (B swing Low). The blue circle represents real lose action on behalf of the buyers and sellers this has tightened since. It fails to take out High (A) and so this is a lower high (C). Notice though that it fails to make a lower low (D). I guess I’m neutral on CNQ and depending on the time frame your trading it may move either way. Interesting chart this is!!

Greetings,

Could some of you with alot more chart reading skill give aread on this?



The nice entry around $10 looks sweet,but is this tradable?Or wait for some pattern to emerge?It appears to me to be a bullish bias,am I way off?Any input is always appreciated.

cordially Tom

The bias is lower, Tom. Using the 2/10 high and last week's low, CNTF retraced 38.2% higher and stalled. That's bearish. The stall occurred below the 50 and 200DMAs; that's also bearish.

Dave, would you agree with this chart of CNQ? Would you short this stock if so what would your target be?

If the symmetrical triangle breaks through support, look for an initial target around 47.

Greetings,

Could some of you with alot more chart reading skill give aread on this?



The nice entry around $10 looks sweet,but is this tradable?Or wait for some pattern to emerge?It appears to me to be a bullish bias,am I way off?Any input is always appreciated.

cordially Tom

Dave, would you agree with this chart of CNQ? Would you short this stock if so what would your target be?

Spike, Dave, anybody!

What is your view of CNQ?

NB, you have to respect the broken support line. If the former resistance line gets taken out then you can start looking long again, but until that time, think short.

NB, I would not short the energies here. The red line on the chart shows the sub sector. Notice how it is near the upper range. I’d be careful shorting energy right now. IMO
I personally think a pop might be coming..

[New-born baby]

Cnq

Spike, Dave, anybody!

What is your view of CNQ?