Gear Energy Ltd T.GXE

Chart looking like starting into BUY territory

[Indicator]

RSI very oversold
Stochastic at bottom of channel and perking up
Money flow early but starting to firm
Oversold on Bollinger Band

Early signs of possible reversal

https://stockcharts.com/h-sc/ui?s=GXE.TO

[navajojoe]

This post has been removed in accordance with Community Policy

[Indicator]

navajojoe - (12/12/2022 12:27:46 PM) RE:Chart looking like starting into BUY territory "Only a complete moron looks at charts and ignores the fundamentals." - - - - >  Shall I assume by your tone that you are holding a bag here, are short, or, just not having a good day?  Only a less informed trader relies exclusively on fundamentals which can be

[Chefboy69]

you know whats so entertaining about stockhouse as well a bunch of day traders masquerading as investors...and i would say 90% of the contributers on every board flip the stock they comment about  BUT, i never ever see technical analysis or links to charts or someone saying over sold or over bought its all FUD...to distract that they are trading its quite funny 

[Kadiddelhopper]

had to take a look on Barchart..GXE is cruising just below 30 RSI, so somewhat Oversold these last 3 days.....December s can be like that , whether taking profits, or crystallizing your losses for Tax planning purposes.

[Indicator]

Chefboy69 ...  you might be correct in your assumptions.  Personally I trade Oil stocks as the commodity is fickle. Stock Boards of late are becoming more tense as the juicy profits from the 2020 bounce are ireceeding in the rear view mirror, at least for now. If I hang around a Board long enough I like to throw out some charts on occasion. Happy to have constructive discussions

[Kadiddelhopper]

Gear has lots of company in the Oversold RSI zone....BTE, WCP, and even the revered CJ...

[Indicator]

Indeed, lots of oil plays oversold, and they can stay that way for some time if the commodity remains weak.  I am in the camp of those who believe Oil may still have some comeback power yet, hence I look for highest risk reward ratio to climb on when tides turn.  GXE has decent run potential to $1.50+/- when/if the wind gets at its back again. February is peak season for oil, SPR will

[lashing]

Yet its gone down GXE has no support because people think the div is toast. The only thing propping this up at all is that div. Its a nuclear bomb waiting to happen.