VLE.TO attempting breakout of daily descending channel

Canadian energy sector has been hit hard as of late, and VLE.TO has been no exception as it continues to trend downward in a channel. A beauty of an equilibrium is currently playing out on the daily chart right now new the top of that channel. A bear break will have us retest the lower limits, and a bull break on big volume will be a notable shift in momentum for the first time in months.