$OVV Chart Analysis 1: Bollinger Bands are narrowing along with the downslope of Friday, with a short time outside the min band, indicating a reversal to an upwards trend. RSI showing a medium bullish value, not overbought nor oversold. MACD showing an upwards trend. Divergence between MACD and price values is indicating a reversal as well. Bullish trend for Monday.
Wild cards & bullish opportunity: -Trump administration support/"bailout" for oil companies -WTI Crude oil on an upwards trend -Earnings report on Thursday (indication is could be higher than expected) -On a very low note, was strong before COVID. Oil will rebound and so will OVV. -FDA approval set to make Monday a good trading day.
Stoploss at $11- target 13-14 if management delivers Fraud hunter yesterday $OVV conversation Bought small positions at 10.70... hope management will wake up or this will fall below $5... bought at 10.70 stoploss at 9.90
From Twitter Sam Encana $OVV missing the market cap cutoff for S&P midcap 400 after re-domiciling would be extremely ironic. Its getting close though with market cap of US$2.5b (not float adj). yikes.
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$OVV moves slow and steady so we need to be patient. It’s very secure and builds resistance quite well. Good luck to everyone this week🤩
Wild cards & bullish opportunity:
-Trump administration support/"bailout" for oil companies
-WTI Crude oil on an upwards trend
-Earnings report on Thursday (indication is could be higher than expected)
-On a very low note, was strong before COVID. Oil will rebound and so will OVV.
-FDA approval set to make Monday a good trading day.
Fraud hunter yesterday
$OVV conversation
Bought small positions at 10.70... hope management will wake up or this will fall below $5... bought at 10.70 stoploss at 9.90
$OVV conversation
resignation of the CEO might be right before OVV fall below 10$ per share.
$ovv Douglas Suttles overpaid incompetent fraud salary 14 million dollars