Imperial Oil $IMO is currently exhibiting a Squeeze Score of 88.3.
Here’s what the chart looks like:
Imperial Oil has been consolidating in a tight continuation pattern for months.
As the Energy landscape cooled off, one of the key things to watch was which stocks held up best through the correction. IMO continues to stand out as one of those leaders.
Volatility on the Strazza Indicator has compressed significantly into a low-range environment, signaling energy is being stored for the next major move.
A breakout above 134 could ignite the next leg higher.
