Quick View: $OVV- New bullish crossover in play confirmed by a nice pullback on the daily chart
- Waiting for some volume
OVV trade ideas
Long on Ovintiv with rising oil prices!So the cost of energy is rising. The price of crude oil is also rising.
Because of this, I expect that the price of Ovintiv to reach the multi year resistance.
Ovintiv Inc - OVV (Long)Ovintiv Inc
Long
Enter: Market Price
Take Profit: 45.81 (5.52%)
Stop Loss: 41.19
R:R Ratio: 1.40
Chart is an upward trend, making higher highs and higher low. Price is bouncing off daily support level
OVV LongIts just breach cloud right now and i dont see any hindrance or any reason to doubt that it will not go pump this since as you see it was on accu/conso stage on the bottom even tenkan sen and kijun sen showing an indication of pointing upwards
$OVV Very Tight!$OVV nice 4 volatility contractions in this base with last 3 days putting in a mini coil and one of its most constructive looking pivots.
#oil stocks been holding up much better than the commodity itself.
So tight you wont fined a lower risk entry than this.
Interesting.
Long | OVVNYSE:OVV [/symbol
Possible Scenario: LONG
Evidence: Price action
It's my idea and could be wrong 100%
OVINTIV Looks to Revisit HighsQuick post - Falling wedge breakout on 3 day chart here, regardless of how you draw the trendline for the top of the wedge.
OBV rising substantially faster than it has throughout this stock's history.
Weekly 50/200 EMAs show a golden cross.
1.5x target approaches previous ATH, wouldn't take much extra for us to see ATH again or even a new ATH.
Oil industry for 10 years more for sureTransition will be made understandable, but meanwhile the actual infrastructure is threatening for any opponent so is here to stay for a generation.
Oil is a necessity not a luxury.
Wait for confirm on the breakout, (you know what I mean).
Be wise don´t work for money, make money work for you.
#OVV - Cup and handle formationObservation - may be a cup and handle next few days/weeks. PVT looking bullish with accumulation and RSI needs to go above 50.
Ovintiv Inc. $OVV near pivot buyOvintiv Inc. enganges in exploration and production of natural gas and oil. IBD gives it a #4 Rank in its industry and has a IBD Relative Strength rating of 98. Its clear that is one of the leaders of the oil industry.
The stock is making a good cup & handle pattern as a 3th base with a pivot buy just above $41. One thing that I like is that just below the pivot has made two inside bars, that is a really good contraction in volatility that may help to a good upside move.
For the nine months ended 30 September 2021, NYSE:OVV revenues increased 17%. Revenues reflect MarketOptimization segment increase of 94%, USAOperations segment increase of 24%, UnitedStates segment increase of 24% to $2.87B.
Still the market conditions aren't very encouraging so I will start very small and add up if it follows through.
OVV- Bullish VCP pattarnStock in current up trend
Form a cup and handle
Form VCP pattern
There is high chance of break above 41 then can place a trade with risk at 38, innitial stop loss below previous day low.
Target PL at 51 or ride trend
US Stock In Play: $OVV$OVV rebounded at 200DMA. still in a HTF consolidated range below AVWAP but definitely looks promising. will discard this from watchlist if 200D does not hold in near term
OVV: Cup'n Handle (92%), WEEKLYOVV cup'n handle on the weekly chart.
Not confirmed yet. Still needing to break through 33$ resistance.
Not all indicators are go. But this stock is following the current trend in ressources (bullish).
If confirmed:
Price target = 63.75$
Stay humble, have fun, make money!
OVV is stepping I expect a share price in the next weeks.
The company said it issued a notice to the trustee of its 5.75% notes due 2022 to redeem the entire $600 million aggregate principal amount on June 18.
Ovintiv also expects to redeem the entire $518 million of 3.90% notes due 2021 at par in mid-August, the company said.
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ovv daily and 4hr looks bullish. could be a trap?charts make it look like it could go to 28
macd crossing on daily
lot of volume
BUY to OVINTIV DailyHello traders, OVINTIV is in a bullish movement with a return of traded buy volume and a water-carrying candle followed by the marked rising leg. In the TIMEFRAME M1 we can see an inverted hammer candle with a weak explosion of the emitted sales volume, it goes in the direction of its last lowest. Make its swallow test the lowest of the bollinger as well as its highest to go to the top of the consolidation zone and test it.
Strong possibility of breaking out the price with the momentum of both the area to get into a new one and land on the next high. With an excess on the last previous above that before the resistance breakout. In order to test the next resistance by adding a test in an inverted ascending triangle bullish channel.
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Pattern for continuation of the trendMACD H ticked up on 30 Dec 20 and OVV was in a clear uptrend. Weekly chart not shown but also in an uptrend. Bought OVV on 04/01/21 for 15,08
First successful trade in 2021 but the entry was a little bit late because of the christmas holiday.
R:R 2:1
Is OVV ready for another run?Broke above AVWAP from most recent high and is holding above 5DMA.
Rising 20 and 50DMAs with 20DMA above 50DMA.
CDN entry OVV for a move!Hello again! Taking a light long in CDN stock OVV at 17.40 with a target of 18.20! Great bullish divergences all around!
