Monday, July 8, 2013
ECA EnCana Daily Chart Oversold Falling Wedges Positive Divergence
EnCana is a play in the natty and oil patch. DVN is another one that has similar characteristics to ECA. Weekly and daily charts are positively diverged with falling wedges and oversold conditions. ECA may be a slightly trickier trade since it has been stumbling sideways on a longer term basis. Keystone is looking for a positive divergence bounce in ECA moving forward and is currently long. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.