CVEO - Weak Up Channel Break This channel up on the four hourly chart has broken.
Another move down is likely as this has only recently occurred and support isn't justified.
Bearish state while below this channel.
44C1 trade ideas
CVEO - Inverted H&S An idea showing the formation of the right shoulder following a bearish move
This completes the larger inverse Head and Shoulders pattern
Downward move expected.
CVEO LongI Ike the test of the 50 MA and close and close above the 200MA. The 2 MA are getting closer and soon there will be a "golden cross" I anticipate some consolidation along the upward trend line and into the wedge.
Targets: $ .96, $1.03, $1.10
$CVEO can rise in the next daysContextual immersion trading strategy idea.
Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States.
The share price rose after the bad earnings.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $0,82;
stop-loss — $0,74.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Q2 Earnings and Revenues Surpass EstimatesQ2 Earnings and Revenues Surpass Estimates
Quarterly Results
Earnings per share were up 100.00% year over year to ($0.00), which beat the estimate of ($0.10).
Revenue of $114,702,000 decreased by 6.10% from the same period last year, which beat the estimate of $89,200,000.
Highlights include:
Reported second quarter revenues of $114.7 million, net income of $6.1 million and operating cash flow of $24.5 million;
Delivered second quarter Adjusted EBITDA of $28.1 million and free cash flow of $25.1 million; and
Reduced leverage ratio to 2.34x as of June 30, 2020 from 2.54x as of March 31, 2020.
Civeo Announces Contract Award in Australia with Expected RevenuCVEO: Civeo Corporation
2019-07-08 06:30:00
Civeo Announces Contract Award in Australia with Expected Revenues of Approximately A$82 million
CVEO pulling back to decent buy zoneCVEO had a nice breakout from a long term base, but has now pulled back with the weakness in OIL.
I will watch this zone for a reversal pattern on the lower time frames. Area could provide support especially if OIL has a rebound.
Resistance at 4.96.
$CVEO X-MAS pop? Part 2CVEO is a case of the trading called "from worse... to less worse."
The type of trade like TCK was was last January. It was like $2-$3 and they survived the downturn in commodities which is the most important thing. The stock went to $25 right now. I don't know about you but very few experts were talking about that stock last winter. ;-)
When it comes to CVEO I am no saying that it will go to $25 any time soon but what I am saying is that the stock had a few decent moves. A 200% move last Spring and a modest 115% since the end of September.
As you can see on the chart it is an interesting juncture. What I really like regarding the stock is that this time the commodities story seems to have more legs than when it went up 200% at the Spring. The stock had negative earnings last time and nobody cares about that stock. That's great as this means "not everybody is in."
It's my experience that if I wait until a stock has a pristine balance sheet gushing out money... there is a very good chance that some smart computer/analysts on Wall Street will have figures out months ago. If everyone on CNBC and in the newsletter world gives a thumbs up to a trade... it usually means most of the meat has been sucked on the bone.
Again do your own research. Those are just a couple of ideas that might hopefully work for you.
Cheers
Civeo Broken SupportCiveo has broken support, MACD shows a sell signal, DMI shows downtrend. Short until DMI shows slowdown of trend.
When investor felt betrayed... bashing followsCiveo Corporation, which provides housing accommodations to oil-drilling companies, announced on Monday that it would not pursue a conversion into a real estate investment trust, or REIT
As a result, investors felt betrayed and pissed to the max.
The price gapped down from 25.5 and after a little support @ 14.70, my short entry at 14.69 was triggered.
The next three minutes was a losing one until the bear was kind enough to me.
By the time the price make a second lower low, the MACD already showing trace of Bullish divergence.
Hence i took my profit @ 13.33.
