Long
Civintas $CIVI, innovation is not always creating things
Civintas Resources Inc. is in the Oil & Gas Sector, centered in the Exploration and Production Industry. It should benefit from the current uptrend of oil prices 
CL1!.
I mentioned innovation because the company is set to "clean up dozens of wells orphaned by others". The state of Colorado has granted this new startegy for $NYSE:CIVI to "work hand in hand with landowners and local communities to restore former well sites". This may because of their strategy to protect Colorado’s groundwater resources.
They perform Horizontal Drilling but before, they install multiple layers of cement and steel casing and then performs pressure tests on the well casings. This is a good story funds might see to buy this stock.
Today the price emerge with a strong breakout from a flat base. The base has a 11.48 points of height, TA rules state that the target price after the breakout is to add that up the base, that is at $70.63.
The breakout from today has a gain of 7%, that is far from the pivot so I won't chase it. Also the volume isn't that great. So, as I didn't buy yesterday, I'll wait for a throwback to the previous resistance line and buy there. If it doesn't happens, I'll wait for another opportunity.
CL1!. I mentioned innovation because the company is set to "clean up dozens of wells orphaned by others". The state of Colorado has granted this new startegy for $NYSE:CIVI to "work hand in hand with landowners and local communities to restore former well sites". This may because of their strategy to protect Colorado’s groundwater resources.
They perform Horizontal Drilling but before, they install multiple layers of cement and steel casing and then performs pressure tests on the well casings. This is a good story funds might see to buy this stock.
Today the price emerge with a strong breakout from a flat base. The base has a 11.48 points of height, TA rules state that the target price after the breakout is to add that up the base, that is at $70.63.
The breakout from today has a gain of 7%, that is far from the pivot so I won't chase it. Also the volume isn't that great. So, as I didn't buy yesterday, I'll wait for a throwback to the previous resistance line and buy there. If it doesn't happens, I'll wait for another opportunity.
Ghi chú
The volume picked up at the end of the sesion. Really good sign but still too extended.
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.