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 drilling fluids business operates throughout North America. The Company provides environmental and drilling fluids waste disposal services to operators active in the Western Canadian Sedimentary Basin (WCSB) through its Clear Environmental Solutions (Clear) division. The Company’s production specialty chemicals business operates in the United States and in the WCSB, with an emphasis on servicing the oil and natural gas liquids resource plays. It provides trucks and trailers specifically designed to transport drilling fluids to operators active in the WCSB through its Equal Transport (Equal) division.

TSX:CEU - Post by User

CES Energy Solutions Corp

<< Previous

Bullboard Posts

Next >>

Post by savyinvestor333on Nov 01, 2024 7:22am

71 Views

Post# 36291906

From Trading Central this morning

CES Energy Solutions Corp forms bullish "Continuation Diamond" chart pattern
Oct 31, 2024

Trading Central has detected a "Continuation Diamond (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 $7.98 to the range of $9.60 - $9.90. The pattern formed over 81 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend.

The pattern begins during a downtrend as prices create higher highs and lower lows in a broadening pattern. Then the trading range gradually narrows after the highs peak and the lows start trending upward. When the price breaks upward out of the diamonds boundary lines, it marks the resumption of the prior uptrend.

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