OBE Stock Tickeron detected bearish Stock Pattern: Head-and-Shoulders Top OBE on July 18, 2024, netting in a 3.97% gain over 1 week

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07/26/24

+3.97% Gain from a Successful pattern Head-and-Shoulders Top

OBE - Obsidian Energy Ltd

Ticker: OBE

Company: Obsidian Energy

Gain from shortening: +3.97%

Confirmed: 07/18/24

Succeeded: 07/25/24

Total length: 13 days

On July 12, 2024, A.I.dvisor detected a Head-and-Shoulders Top Pattern (Bearish) for Obsidian Energy Ltd (OBE, $7.56). 6 days later, on July 18, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On July 25, 2024, the stock hit the target price of $7.05 – resulting in a gain for traders who shorted the stock on the pattern detection date.

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