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Bullboard - Stock Discussion Forum CES Energy Solutions Corp T.CEU

Alternate Symbol(s):  CESDF

Energy Oil & Gas Equipment & Services
CES Energy Solutions Corp. is a Canada-based provider of consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and finally through to the pipeline and midstream market. Its core businesses include drilling fluids and production and specialty chemicals. Its... see more

TSX:CEU - Post Discussion

CES Energy Solutions Corp > From Trading Central this morning
View:
Post by savyinvestor333 on Sep 21, 2023 7:15am

From Trading Central this morning

CES Energy Solutions Corp forms bullish "Engulfing Line" chart pattern
Sep 20, 2023

Trading Central has detected an "Engulfing Line (Bullish)" chart pattern formed on CES Energy Solutions Corp (CEU:TSX). This bullish signal indicates that the stock price may rise from the close of $3.90.

Tells Me: The recent downtrend is due to reverse, now that buying pressure has overwhelmed prior selling pressure.

Following a clear downtrend, we see two candlesticks where the white real body of the second completely envelops the black real body of the first, showing that the bulls have taken over from the bears.

This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.

Price Chart - CES Energy Solutions Corp
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CES Energy Solutions Corp