Simba Essel Energy Inc (SMBZF)

[howestreetbull]

SMB.v Weekly TA
Seeing some indications of green shoots emerging here, PSAR flipped underneath price this week, MFI broke out of oversold territory, DI + increased and the ADX fell indicating the down move is losing momentum, most momentum indicators are in extreme oversold category(STO's MACD etc) so an entry to establish an initial position or adding to existing ones can be done relatively cheaply historically. Buy em when noone wants em and the recent oil collapse has provided us with an entry level with decent risk/reward opportunity imo
cheers...hsb
http://stockcharts.com/h-sc/ui?s=SMB.V&p=W&yr=4&mn=0&dy=0&id=p98937455719&a=279814536&listNum=13