Granite Oil: I Should Stop

The next resistance level is at C$4 per share.

Laurent Cadotte, November 7, 2017.

Then…

GXO StockCharts.com November 13

Source: StockCharts.com

GXO StockCharts.com November 13

Source: StockCharts.com

Yeah, I should stop. But it’s still a great time to buy the stock. For better or worse, management is keeping the dividend. Warning: The dividend will be cut should oil drops below $50 again.

Disclosure: I am long GXO. Not for republication on Seeking Alpha.