Jan. 30 at 2:55 AM
$RES is gearing up for a big reveal in 5 days! 🛢️📊Earnings drop Feb 3 BMO, and the bar is set at
$0.07 EPS (+16.7% YoY). After an 80% surprise last quarter, the bulls are looking for a repeat performance. Yesterday's
$0.04 dividend declaration says the board isn't sweating, but the
$121K insider sell from the CEO last week has some bears playing defense.
🐂 Bulls: Need to reclaim
$6.38 to trigger the pre-earnings run.
$6.65 is the target.
🐻 Bears: Following the recent downgrade. If
$5.85 snaps, it's a "sell the news" event.
Key levels to confirm:
✅ Over
$6.38 = Pre-ER bounce is active
❌ Below
$5.85 = Trend is cooked
#hovdid
$RES #OilAndGas #Energy #Trading #Dividends
