Reasons to be bullish based on technicals as shown on the chart:
Reasons to be bullish based on fundamentals:
- Bounce off of EMA 200 at the end of April
- Strong accumulation trend shown on CMF 20
- As of July 6, lingering in oversold territory on the RSI histogram
- Relative volume on an uptrend
Reasons to be bullish based on fundamentals:
- Crude oil’s recent resurgence
- Recent insider buying
- Low float, with retail investors beginning to buzz the stock
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.