Current Trade

Saturday, April 1, 2017

Make a move on Oil?

These are three stocks (solid fundamentals) in the area of being oversold and may continue to be oversold for the short term and they are severely undervalued in respect of fundamental analysis, however,  BTE.TO...... BIR.TO.... SPE.TO have been getting some Motley Fool pump as attested at the end of this link so an initial bounce could be expected soon and as well for those interested is a solid play CPG.TO probably one of the biggest best in Canada at this time located in Saskatchewan... Plug them into the chart below and take a sneak peak. My particular favorites are BTE.TO and SPE.TO....

Where BTE.TO will come down to is pure speculation but as it stands around $4.24 there about would be as per a lower Bollinger bounce if the bands move as they are tracking now.  BTE has come off a new low at 4.05 which was a humdinger drop and the resulting bounce lost momo at $4.70 .... so we are looking for a higher low to assume the Motley pump was noticed and the resulting 70 cent pop indicated at least to me a weakness in selling pressure that may get a higher low or bounce off the lower Bollinger.

Dave GLTA

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