CEI - Swing Idea Risk/Reward - Possible reversal

CEI Possible swing idea / momentum play

• RSI divergence moving positive and is at 27.3
  MACD is also moving closer to par level
  Higher low
  Short Float at 9%
  Oil Sector Industry
  

Swing Entry - Risk 2-5c depend on entry

Enter at .60-.65
Price Target are in Green (I am usually looking for 10%+ move)
Stop loss 3c below support (which is the colored in orange in my price line)

4/11: Volume came in today and made NHOD .72 ; Oil number was good -- I think there will be more growth here.
https://finviz.com/quote.ashx?t=cei&ty=c&ta=0&p=d
DayTrade Entry:
Over .72 with volume
Stop loss .03-.05c

Remember to take profits when it hits 7-10% daily (or move your stop loss up)
Good luck!

Kommentera:

4/17 - near support area - will wait until volume green
RSI on daily still high so will wait for indicator to signal.

Kommentera:

4/18 -USO gapped up and many other oil tickers
CEI NHOD was .75 (resistance).

Still holding up.. Will add near support area and take some profit at resistance and move SL.

I'm in at .62 and have taken some gains. Will buy on pull back and repeat.

Kommentera:

4/19 - took some gains at .77
Move my SL . 68

Will buy back if it goes to support area