Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Elliott Wave Analysis by EWF
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Elliottwave-Forecast, post: 199709, member: 40858"] :) you're welcome [automerge]1632495496[/automerge] Camber Energy has been making the rounds in the meme stock crowd the past few weeks, and for good reason. It has enjoyed a rally from 0.33 to recent peak 1.96. So what is behind the move? Lets take a look at the company: [I]"Camber Energy is leveraging our expertise and relationships to build a diversified organization with profitable business segments to increase stakeholder value. This balanced approach can expedite growth while reducing dependence on any particular division. Our aim is to acquire a majority interest in assets or entities with current revenue streams and realistic upside potential. Within our Energy Division we intend to pursue opportunities recognizing the immediate dependence on current energy sources as well as the need to explore sustainable and profitable alternatives. Outside the Energy sector we intend to target opportunities with compelling metrics and scalability."[/I] Most recently, they have replaced the CEO with new blood. Also, they have recently signed an exclusive agreement to provide proprietary and patented carbon capture technology for all of Canada. Now lets take a look at the charts: [HEADING=2][B]Camber Energy Elliottwave View:[/B][/HEADING] [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/09/CEI-Blog20210923165329.png'][IMG alt="Camber Energy"]https://elliottwave-forecast.com/wp-content/uploads/2021/09/CEI-Blog20210923165329-1024x525.png[/IMG][/URL] Medium term term view from the August 2021 low. The stock has been on a steady rally since that low. Initially, it rallied into ((1)), with a pullback in ((2)) which bottomed on Sep 1. After that, a wave ((3)) rally has taken place. ((3)) found a peak on September 16 at 1.87. After that, the stock pulled back in consolidation and bottomed in ((4)) on September 20. From there, another some nesting has taken place in the blue (1) (2) and Red 1 and 2. and has broken higher today. The RSI is presently diverging against the wave ((3)) peak. This means that the instrument is likely within the final 5th wave of the advance. As long as the divergence holds, the 5th wave view remains intact. After ((5)) peaks, a larger pullback to correct the cycle from August 20/20201 should take place. If the RSI erases the divergence, then the instrument can still be within a wave ((3)) advance, which would be more bullish and offer more extension higher. With these meme stocks, it is important to expect extreme volatility, and to use correct position sizing. Source: [URL]https://elliottwave-forecast.com/stock-market/camber-energy-inc-cei-extension-higher-likely/[/URL] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…