You can take a long position on Rock Energy Inc TSE:RE
Current price: 3.5$
When we look at the weekly chart we see that a lot of indicators are positive
- we have an increased volume
- the RSI and the MACD is positive.
- MA10 and MA30 are pointing up
- prices are also trading above the MA200 and it is only slightly pointed down. On the daily chart it points up.
If we go over the previous peak of 3.55$ then I see resistance around 4.5$ so a possible 28% profit if prices will go there again.
If we go almost to 4.5$ I would lock in some profit around 4.3$, or place a stop loss order around that price range.