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CNQ

NIO: CHART UPDATE / SUPPLY & DEMAND / FULL BREAKDOWN & RSI DESCRIPTION: In the chart above I have provided a SEMI-MACRO analysis of NIO STOCK. As an update to my previous chart on NIO this chart features a much more clear interpretation of where price action can head in the near future. POINTS: 1. Deviation remains the same. MACRO DEVIATION = 10 POINTS, MICRO DEVIATION = 2.5 POINTS 2. Current Trend: Symmetrical Triangle Pattern 3. Earnings Report 03/23 RSI: 1. Pay Close attention to Lower Lows in Price Action & where RSI tends to reset at those given points. 2. Notice how RSI is showing sideways momentum in OVERSOLD territory for NIO this is usually indicative of an upcoming shift in momentum as SELLING BECOMES EXHAUSTED. IMO: Let's take into consideration that lately COMPANY FUNDAMENTALS have not reflected onto NIO's STOCK PRICE but I would also take into consideration just how beaten down this stock is and where China's economy is currently headed. SCENARIO #1: In a BULLISH scenario price action holds above 10 & sees next move up to 12 to confirm continuation of current setup before another possible retest of 10 as a SUPPORT. BREAK OF 13 would be a BULLISH entry point imo. SCENARIO #2: In a BEARISH scenario price action loses 10 as a SUPPORT and will rely on 9.50 as a SUPPORT if this were to break SUPPLY & DEMAND CHANNEL will rest between 9.50 & 7 digging an even deeper pit for NIO to climb out of. FULL CHART LINK: www.tradingview.com NYSE:NIO
NYSE:NIOLong
by DGSTBROKERACC
2
CNQ Canadian Natural Resources LimitedCompany Description: Canadian Natural Resources Limited is a senior independent oil and natural gas exploration, development and production company based in Calgary, Alberta. The Company's operations are focused in Western Canada, the North Sea and Offshore West Africa. Analysis: Canadian Natural Resources is an oil and gas company within the energy sector! I believe that oil at the minimum is in high demand right now with high those prices are. They deal in the oil and gas exploration side of the business. They cover a decent range of space and with oil and gas, I like to make sure I invest in it like an ETF having more than one company to make sure I cover as much area as possible within the world. This is a natural resource so it has MOAT within itself without much need for marketing. Impressed with how this company has been handling their cash , expenses, and debt. Since March 2001,this company has been consistently increasing its dividend payouts while being able to sustain their cashflow to some degree. I like their reach and having an oil company outside of the US (even though they have property in NA) is a good deal in my opinion. I would like to see price break resistance obviously. However, I need to be realistic. Although I consider this stock to be undervalued, I believe that price is in the middle of testing a strong support level. I want to see strong bullish candles on the 30 min or 1 hour near support to start slowly scaling in considering the state of the economy. My uncle buffet said to never put your whole foot in the water before testing the temperature! I have bearish candles trading under my closer ranged ema's so I want to see how this plays out! What do you think? Not Financial Advice I only share ideas!
NYSE:CNQ
by Redimere_91
Crude Will Surprise Everyone in 2020 Contrary to what people have been talking about for the past, really, 12 months about crude plummeting to 30 bucks, in reality, this will not happen and Crude will steadily rise in 2020 and perhaps even a good portion of 2021. Of course, there will ALWAYS be good short opportunities but I focus on mid/long-term trends for those who follow my ideas. There are several reasons for this and to capitalize on this Crude push, people should invest in Canadian energy stocks such as: Enbridge, TRP, Canadian Natural Resources and Suncor. In fact, many of these stocks I have listed are up over 15-20% this month alone and will continue to surge in 2020. It is important to realize Crude will NOT rise based on demand, but rather other key factors. Demand is still imperative (most cars, planes, military equipment, trains, etc), but obviously, the demand is lesser compared to a decade ago. However, other things are in play. Key Points: 1) Saudi Aramco IPO has created international interest again in the sector 2) Saudi's will decrease oil production to inflate crude prices again which will decrease US surplus inventories 3) Weakness in the DXY will continue to drive commodities up quite steadily in 2020 and likely even in 2021 as a result of further QE/liquidity in the markets & weakening economic conditions again from Q2 2020 & further rate cuts in 2020 contrary to what people ignorantly believe 4) There is no recession happening in 2020 which in-turn will drive commodities up inherently Why Canadian Energy will be a Winner: 1) Many of the finest energy stocks are of Canadian descent 2) Many top Canadian companies have announced a significant increase in cap-X for 2020 (and increase in dividends - hikes) 3) There has been an astronomical flood of volume in these stocks over the past 1-2 months 4) Low P/B and low P/E ratios will push international and domestic investment into the sector as big money searches for strong value as it acknowledges we are in a "melt-up" which will last for the next 8-12 months 5) This acknowledgment of the US (and world) equity markets being in a melt-up continuation for most of 2020 will be a reason why Precious Metals will also be a bonafide winner alongside crude and other commodities. This can be seen with a strong finish in the metals in 2019 and why options traders show significant volume for the long-term contracts in the metals for a continued bull run several months out I focus on the mid and long-term trends. Not day-to-day trading. Day-trade at your own risk. - zSplit
FX:USOILLong
by PaulDeep19131
1
CNQ: The underperformer is gaining some investors attentionI believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or reversal. It requires attention and care. Rather than turning out to be a factory of producing signals, it is better to sit down and look for a setup. Setups are important because we are planning a trade and execute them on time. If you fail to plan a setup, then you are planning to fail. Another advantage of trade setup is that we know where to get out and the right time to go in. Know the market. Study the price movements and make your trades. My charts use price movements, patterns, structures and indicators such as moving averages and oscillators. Trading intelligence is combining multiple knowledge to produce a favorable trade setup and plans. Canadian Natural Resources Limited (NYSE:CNQ) is another stock that is grabbing investors attention these days. Its shares have trimmed -11.79% since hitting a peak level of $35.28 on Dec. 12, 2016. Meanwhile, due to a recent pullback which led to a fall of almost -4.74% in the past one month, the stock price is now with underperforming -2.38% so far on the year — still in weak zone. In this case, shares are 11.94% higher from $27.8, the worst price in 52 weeks suffered on Jun. 16, 2016, but are collecting gains at -0.83% for the past six months.
NYSE:CNQShort
by Dinkan