This is a one-year candle chart of Pengrowth Energy Corp. (PGH) and as you can see from my notes, there are a couple of signals that tell us this might be a good time to buy into a long position.
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Equity Oracle: 03/27/15
This is a textbook Cup & Handle pattern that we see on the candle chart. The important part of this trade is that we wait for the green candle so we are sure the buyers are making a move to rally the stock over resistance. Our target price is the gap fill point, which I’ve […]
Equity Oracle: 03/19/15
Last week an alert went out to buy Ford (F) and the stock rallied a bit but today we are seeing a red candle on lower volume as it nears resistance. This is a bearish sign that places us in a defensive position. There is an old saying that tells us…”never turn a winning trade […]
Equity Oracle: 03/13/15
It was over a year since we last traded Ford and we did make money with it. As you can see from the chart above, the stock is bouncing nicely off of a well-established role reversal line. The volume is holding steady, which is a positive sign, but we need to be patient and wait […]
Equity Oracle: 03/05/15
Audiocodes, LTD is a stock that we made money with last year and once again it is giving us the signal to get in. As you can see from the chart above, the stock has formed a double bottom but that’s not the only buy signal we see on the candle chart.