CPG Quality mid-cap energy, 15-20% near-term 1W upsideCrescent Point Energy
Fundamental Analysis
Price to earnings ratio is around 1.4X (substantially lower than the sector and equities broadly)
Q1 Revenues were $950
Q1 Margin was 95% income to revenue
Following a 25% decline in recent price from $10.25 per share to below $7, $CPG appears to technically bullish on a long-term (6-9 months). Energy equities has a recent pull-back following the June inflation reports, however, upward momentum has just built up with the latest price now trading higher than the price 10 bars ago. The Commodity Channel Index on longer trading scales (4H) shows that $CPG has been oversold.
There is significant support channels at $6.90 (-5%) and resistance above at $7.95 (+9.42%). Above this, the next channels are $8.72 (+18.8), and $9.18 (25.1%)
Risks:
Exposed to global crude oil supply levels. Crescent Point Energy primarily is involved in the extraction of crude oil from Western Canada. Demand remains roughly around pre-COVID 2019 levels and therefore $WTI pricing is driven predominantly by supply. Currently, the price closed to below the 3-month mean, while the fundamentals of global crude supply have not changed significantly.
There are reports that the conflict in Europe may advance to various possible scenarios, which may (a) see the Russian Federation limiting and stopping export of oil to its current trading partners in Europe, bringing $WTI to above $300 USD based on current supply and demand figures, and (b) the G7 and EU may cap the price they may pay for Russian oil.
Competitors and related stocks in sector:
$VET Vermillion Energy
$OBE Obsedian Energy
$WCP Whitecap Resources
VET
VET VECHAIN USD : MACRO BULL FLAG BREAKOUT! $13 TARGETVET is looking bullish. VET hasn't had very much attention in the last few years but I believe its time is coming. There is a major macro bull flag forming and could possibly be completed. A measured move from this bull flag will shoot VET into the $13 to $15 range in a short period of time. Im not sure what kind of news or developments will come out of this project but something is coming. VET is also a great and secure proof of stake coin, and now with the USA government signing executive orders talking about regulating the energy consumption of proof of work coins because of their impact on the environment it means that proof of stake coins will probably explode. Maybe ETH heard something through the grapevine about this and hence why it switched to proof of stake? Either way the chart formation is valid and whatever news comes out it will be huge to fuel this type of run. This is not financial advice this is just my opinion. Thank you
VETUSDTVet/usdt looks promising here. after being mega oversold i'd expect us to have some nice relief rally.
to retest at least the breakdown area.
invalidation point 0.02650 cents.
Resistance levels/ TP:
0.0425
0.0546
once these levels are claimed we can look for a higher target. Until then play these levels ( chart below)
#Sell at resistance
#Buy at support
#VETBTC
Vetbtc sitting at historical support bounce from here make sense.
Again same play for vetbtc play buy @ support and @ resistance
If support break don't be afraid to exit you can always buy it cheaper.
Altcoins are extremely dangerous #Do your own research.
VET/USDT BINANCEVET/USDT BINANCE
1D hollows
Fibonacci shows a nice entry at 0.00820 USDT
Price movement inside descending triangle, then a break-out will follow
VeChain (VET) = $0.02097 -10.28%
BTC = 0.000001147 +1.67%
ETH 0.00002221 -3.41%
Market Cap: $822,844,612,842.276
24h Vol: $64,376,721,738.73
Dominance: BTC: 43.0%
ETH: 14.2%
Good Luck
#CryptoHellas Team
VET ELLIOT WAVES 0.6$ ??veChain
vet strt a 5 impulsive waves the first wave git (0.023 $ )
and here we have wave 2 correction us u can see in the chart ABC nnice zig zag correction
bottum wave 2 at ( 0.1 )
and we start a wave 3 big wave
indide wave 3 there is a 5 umpulsive wae we finished it and now we have a wxy correction so i expect it to have some down side
and finish wave 4 correction and start wave 5 impulsive and the target for this around ( 0.5 - 0.7 )
and us we see the rsi is bullish so we will see soe up move soon
we need to tap above wave 1 top and keep move to see wave 5
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there is a wxy correction on the stock maket on wave 4 expect more up
there is a ABC correction expanded flat on btc inside wave 4 expect mroe up check btc chart
and us dollar need to hace some correction in the next weeks
so we could see crypto go up
Time to shineMaybe Vet will heading to 0.08, but it's not that easy for right now, so based on the chart right now it's possibly that vet can rise higher than 0.33
VET/USDT BUYING SETUP (SWING)Buying #VET/USDT (SWING)
$VET Big massive news partner with UFC . buy volume growing whale accumulation . potential back to try resistance and MACD on 4H showing bullish crossover
Buy zone : 0.0316 - 0.03 - 0.029
Target : 0.03365 - 0.03614 - 0.03892 - 0.04297 - 0.045
Stop : 0.0275
NAV NAVCOIN USD : NAV MULTI YEAR SYMMETRICAL TRIANGLE TARGET $34NAV is another one of those staking coins that I believe will take off in the not too distant future. As I have said in the other charts the USA government is going after proof of work because of its "carbon footprint". They probably will eventually ban it or seriously regulate it somehow? Proof Of Stake is green and thats what they want, plus NAV is a privacy focused coin as well. The next big run in cryptos is going to come from the staking coins I believe. NAV has been in this massive multi year symmetrical triangle and more likely than not this is a continuation pattern which means continuation the uptrend. A measured move would put NAV at around $34 dollars. Also ever wonder why these old coins that supposedly "died" like PIVX, NAV, LISK, VECHAIN, etc are still on the biggest exchanges. I did a chart on most of the others I mentioned as well, check them out and see how close they all are to breaking out. Their time is coming and you will see a flood of money come into these awesome projects that haven't stopped working hard since they started. If you appreciate this content then please follow me and give me a like. This is not financial advice, just my opinion and what I am doing
VeChain (VET) formed big bullish Gartley for upto 918% huge moveHi friends, hope you are well, and welcome to the new trade setup of VeChain (VET) coin.
On a monthly time frame chart, VET has formed a huge bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
VET can Increase Pretty Soon!VET is in an Ascending Triangle which is a Good Bullish Sign and Means The Price is gonna Increase Pretty Soon! No Break out Has Happened and We Shall Be Aware of the fact that When the Break out Happens the price will Increase as much as the Measured Price (AB=CD) . Well When The Expected Movement Happens, the Price will reach around 0.037$!
-VET is in an Ascending Triangle
-No Break out yet
-Price is gonna Increase as much as the Measured Price Movement (AB=CD)
-Target is around 0.037$
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Thank you for seeing idea .
Have a nice day and Good luck
#VET/USDT 4Hr UPDATE !!Hello, dear traders welcome to this VET/USDT 4hr chart analysis.
I have tried my best to get the best possible results in this chart.
Hello dear traders, we are new here so we ask you to support your ideas with your LIKE and COMMENT, feel free to ask any questions in the comments, and we will try to answer for all, thanks, Friends.
As we can see from the above chart, VET/USDT is currently trading conform triangle pattern, and the upper side brake and retest the trendline
is bounce sand target almost 70%
Entry:-$0.03084,$0.03150
Target:-70%
Stop-loss:-$0.02890
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
VECHAIN TO $1.30 (£1.19)- Ve-chain is solving a massive problem - It was built to enhance business processes and supply chain management.
- Overall great project with amazing use case!
- Currently down by 88%, massive discount!
- Full 89 FIB extension could take VECHAIN to $1.30 (£1.19) That is around a 50X return!!
- NOT FINANCIAL ADVICE - PLEASE DO YOUR OWN RESEARCH - ONLY INVEST WHAT YOUR WILLING TO LOSE - DOLLAR COST AVERAGE!
VET/USDT - Potential Short ScenarioHello Traders!
VET price continues to move in a downtrend. As the price approaches the Buyers' interest zone, the correction may end in the form of a downward momentum, which will activate buyers' stop-losses and liquidation of margin positions.
The buyers' zone of interest, from which the previous upward movement developed, is in the price range of $0.010 - $0.018.
It is necessary to wait for the completion of the correction of the cryptocurrency market to make purchases mid-term, it is possible to focus on reaching Bitcoin at the price levels of $20000 - $22000.
Positions should be set closer to the support level of $0.010, in the range of $0.010 - $0.0120.
Price levels of $0.024 and $0.035 will be the targets for medium-term purchases
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice