PED
Pedevco finding new lows. PEDThis one looks like a complex correction. Momentum dropping, overbought, X wave looking formation done.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Pedevco Corp also bearish. PEDDrawing a flat here post impulse, using Wave A to predict the outcome for Wave C with some reasonable goals in purple.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
PED | InformativeAMEX:PED
I HAVE NO POSITION IN THIS STOCK, By request of a follower I published this.
INFORMATIVE, pay attention to key-levels.
It's in a box for a year, going no where, no matter how market moves, pure pump and dump or a long term accumulation for a huge run. I have no information about fundamentals, but technically, I see a break out happened 1st of October 2021, even on P/F chart it formed Long Tile Up alert that is very bullish, the volume is insane, and it looks very bullish to me, I expect a pull-back to 1.80$ as first target and 1.56$ area as second target, if it holds those prices and gain more volume, then cautiously we can open a position, maybe it plan to break out from the box. if it start running, it will be huge. it totally depends on the following days price action.
as you know this is micro cap company with 176m$ capital, and this year XLE, energy sector lagging from other sectors and I reviewed energy sector, I expect huge bullish movement on this sector. this is a good investment for ling term portfolio. this company outperformed SPY last year by 5% and outperformed it's sector in last 2 weeks.
this is not a recommendation, It's just a quick review of chart and basic fundamentals
PEDPedevco Corp (NYSEAMERICAN:PED) broke out of a consolidation range to the upside on heavy volume. I do not see anything until the 2.8-3 area. Indicators are also showing signs of recovery. Pullbacks are buyable.
mid term +3,600%PEDEVCO Corp., an oil and gas company, engages in the acquisition, development, and production of oil and natural gas assets in the United States.
$PED, looking strong to $2.40Today's candle officially crosses the previous bullish trend, the stoch is cross in the oversold zone and the momentum has some strength. We think this one is going to $2.40 or so. We are playing it
CEI News of Debt SalesCEI along with other oil stocks were up in trading today. Looking at CEI levels here is where we stand for support and resistance based on its price history. The name of the game here is compliance. In order for CEI to be listed past august it needs to get its share price at $1 per share. In order to remain compliant they have sold off there debt and made there financials more attractive to investors. Volume for the day was enormous at about 24 million share. Bullish momentum continued into ah.
