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Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti Montney). Its core operating areas of Wapiti and Pipestone in the Montney formation are located near the City of Grande Prairie, Alberta, approximately 600 kilometers northwest of Calgary. Its Montney Formation is a shale gas and shale oil resource. The Montney formation in the Wapiti area is a thick (200m+) section of hydrocarbon-charted fine-grained reservoir found at depths ranging from 2,500-3,500m.


TSX:NVA - Post by User

Post by Indicatoron Jul 28, 2022 4:20pm
144 Views
Post# 34858147

Sugaree - re 50 day MA

Sugaree - re 50 day MAHI Sugaree ... how are things! Hot as hell out here in my neck of woods.

Some institutional investors suggest trading above 50 day MA is bullish.  200 day is more often seen as line in the sand for bear/bull case  in the minds of many. 

Some swing traders use 20, 40, 50 moving averages while short term traders who may watch shorter term MA's work on 1 minute to hourly charts.

I place more confidence in a stock chart rising above the 50 day if  supported by persistent higher highs and higher lows along with Momo indicators that show ample room to run up.   MACD still below 0.0 line means not in bull market on daily chart yet (Monthly chart another story), but RSI rising above mid point suggests some potential room to run. 

Stochastic momo indicator on Daily chart is currently overbought and rolling over but things can run hot for a while.

NVA looks pretty decent for a continuation to maybe $11.50 to $11.75 +/- if markets remain supportive, at which time it will be bumping up on some significant resistance.

Good luck!

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