OVV (Ovintiv) to close gap before next leg upVery simple OVV set up. Close the gap and push down with oil. Ready for next leg up after covidShortby SammyTradezPublished 1
OVV Short TermSupport Line: 14,79 Fibonacci: - Retracement line at 0,236 - Resistance line at 0,382 MACD: Bearish in hourly chart Bullish in weekly (FOLLOW UP) RSI: Bullish on weekly chart Chaikin Oscillator: slightly bullish Stochastic RSI: bullish (gives buy point) EMA 7: slightly above the candle so bearish Choppy: enters a trend market ADX: confirms tend market by Sach1012Published 3
Profit taking will come and then enter againsold all long position. Ready to jump in laterShortby LetsBeMillionairePublished 3310
Ovintiv - Oil and Gassy Production - LongWhat I see... + Price broke above Cup and Handle patter last week but bot pulled back + Found support from the rising 10MA + Earnings provided further support + RSI at 57, bouncing off of 50 + MACD is neutral but above signal line + Hammer-like bar with rising vol. + 10MA has just crossed upward - Both fast MAs are still below the 200 MA - Down trend stock; may not be able to fill the gap How I setup... + Long entry above week high - Stop at week low + Target at near $12Longby ShakeShakeLegUpdated 5
OVV - Long setup OVV - Looks strong! Lots of buying from $15 in February all the way down to $2.45 in March from multiple insiders. Stop 4.83, Looking for a break above $6.03. First target 11.43, Second Target 13.93. Longby AcornWealthCorpPublished 8
more room up ( fill the gap)T1: 7.81 T2: 9.5 just sharing my view. its not a recommendation for buying or sellingLongby MrMercatoPublished 6
Hated Deep Value Play (long term) Not my usual technical analysis. This is a buy & hold.Longby StocksAndStonesUpdated 4
OVV - CATCH THE KNIFE - insiders bought at $20 and last week 03/31 while the co. is operated out of Denver it changed listing from Canada to US recently, come 3/31 the US index funds will have to re-balance and include OVV, while probably some of the sell off is from Canadian funds getting out. Longby HatchetaxePublished 224