HSE

HSE, Husky

Hamilton

hse jan 20 2016

On Feb 5, 2011 we recommended buying this stock and selling it at just under $36. That blog is still in this website. Though we are a little unsure of how to account for the starts and ends, and the intervening B-wave, we are confident that this is a big A-B-C that most likely needs a drop to below the starting point of this leg up, that is $5. How far below we do not know. Just do not buy the stock because it getting creamed today!  Also the C leg must be a 5 wave sequence. So far at least that does not appear to be the case.

HSE , Oil and SU

Hamilton

hse2010

So far so good on this one. Seems to be working but beyond the $27,50 not at all sure what will happen. Here is why.

wtic2010

The overall market could soon be in trouble. If so oil is not going to go up regardless of peak-oil etc.etc. Already all oil has done for more that the past year is twirl around $75 or so. Suncorp., now one of our larger energy companies, is even more uneventful.

su2010 su20102

Clearly it has been “triangulating” around, more or less, $33 for the better part of the last year. Usually these patterns resolve themselves in the preceding direction (which is why they are called continuation patterns ); in this case that is down.  XOM, Exxon also seems to be going down whereas Royal Dutch has been up a little. The picture is muddy so , once again, When in doubt, stay out.

HSE, Husky Oil

Hamilton

FOUR different time-frame charts:

HSE Aug 2010 3 HSE Aug 2010 2

HSE Aug 2010 hse aug 2010 4

Depending on the minute details of the last few wiggles, there is still a risk of about one dollar to the downside, otherwise this should be a buy now. Apart from the compelling EW counts, both the MACD and RSI are not confirming the recent lows. Also the stock is down about 56% from the top, in the middle of the 50/62 % range. It yields 4.9%