RE:Long Term Chart Term Says Price Lower for LongerYou got this chart from my post on the PWT board. If anyone wants an explanation of the importance of this chart, here it is:
https://www.stockhouse.com/companies/bullboard/t.pwt/penn-west-petroleum-ltd?postid=23325895
As far as timing is concerned, if the is a turnaround point it most likely will take several months. You can see from the chart that reactions to this trendline have been a matter of several months. This week, so far we are holding it.