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Bullboard - Stock Discussion Forum Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

Cardinal Energy Ltd. is an oil and gas company with operations focused on low decline oil in Western Canada. It is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Its operating areas include the Midale, South District, Central District, and North District. It has over 730 million original oils... see more

TSX:CJ - Post Discussion

Cardinal Energy Ltd (Alberta) > CHART ... and a happier New Year to all !
View:
Post by Indicator on Dec 19, 2022 7:21pm

CHART ... and a happier New Year to all !

CJ oversold and approaching $6.50 significant support.

If heavy hands are playing with this stock, I'd guesss they flush into low $6's previous support and rise back above $6.50 shortly thereafter, just in time for New Year lack of supply thesis to begin to play out and oily names, including CJ, to start rocketing again.

Chart will autodelete in 5 days (if Stockhouse doesn't replace it with Market Herald sooner).

Good luck!

CJ-Dec18-2022
Comment by RusticHit on Dec 20, 2022 1:11pm
6.50 area  is solid support hopefully will bounce from there in New year and time to get out in Jan. Rally 
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