How the (CVE.WS) price action is used to our Advantage

May 08, 2025, 12:26 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CVE.WS

• Buy CVE.WS near 7.7 target 8.94 stop loss @ 7.68 Details

The technical summary data tells us to buy CVE.WS near 7.7 with an upside target of 8.94. This data also tells us to set a stop loss @ 7.68 to protect against excessive loss in case the stock begins to move against the trade. 7.7 is the first level of support below 8.08 , and by rule, any test of support is a buy signal. In this case, support 7.7 is being tested, a buy signal would exist.

• Short CVE.WS slightly under 8.94, target 7.7, stop loss @ 8.97 Details

The technical summary data is suggesting a short of CVE.WS as it gets near 8.94 with a downside target of 7.7. We should have a stop loss in place at 8.97though. 8.94 is the first level of resistance above 8.08, and by rule, any test of resistance is a short signal. In this case, if resistance 8.94 is being tested, a short signal would exist.

Swing Trading Plans for CVE.WS

• Buy CVE.WS slightly over 8.94, target n/a, Stop Loss @ 8.91 Details

If 8.94 begins to break higher, the technical summary data tells us to buy CVE.WS just slightly over 8.94, with an upside target of n/a. The data also tells us to set a stop loss @ 8.91 in case the stock turns against the trade. 8.94 is the first level of resistance above 8.08, and by rule, any break above resistance is a buy signal. In this case, 8.94, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CVE.WS slightly near 8.94, target 7.7, Stop Loss @ 8.97. Details

The technical summary data is suggesting a short of CVE.WS if it tests 8.94 with a downside target of 7.7. We should have a stop loss in place at 8.97 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 8.94, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CVE.WS

• Buy CVE.WS slightly over 8.94, target n/a, Stop Loss @ 8.92 Details

If 8.94 begins to break higher, the technical summary data tells us to buy CVE.WS just slightly over 8.94, with an upside target of n/a. The data also tells us to set a stop loss @ 8.92 in case the stock turns against the trade. 8.94 is the first level of resistance above 8.08, and by rule, any break above resistance is a buy signal. In this case, 8.94, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CVE.WS slightly near 8.94, target 7.7, Stop Loss @ 8.96. Details

The technical summary data is suggesting a short of CVE.WS if it tests 8.94 with a downside target of 7.7. We should have a stop loss in place at 8.96 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 8.94, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Cenovus Energy Inc Warrants (each Warrant Entitles The Holder To Purchase One Common Share At An Exercise Price Of C$6.54 Per Share) (CVE.WS) available here: CVE.WS.

CVE.WS Ratings for May 08:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	6.37
P2	6.77	6.9	7.7
P3	7.1	7.27	8.94

AI Generated Signals for CVE.WS

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Cenovus Energy Inc Warrants (each Warrant Entitles The Holder To Purchase One Common Share At An Exercise Price Of C$6.54 Per Share) (NASDAQ: CVE.WS) data table below can help you with price action, and we have more details too. Trading plans for CVE.WS are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.