* Great earnings in the recent quarters
* Strong up trend in recent history
* Breaking out of a 6 month base
* Sector: Energy - Oil & Gas E&P
* Relative Strength vs. Sector: 1.07
* Relative Strength vs. SP500: 11.5
* U/D Ratio: 1.33
* Base Depth: 51.12%
* Distance from breakout buy point: 1.49%
* Volume 28.83% above its 15 day average
Trade Idea:
* You can enter now as the price is still close to the broken resistance.
* The target of 2.5 to 1 is close enough to reach
* If you're looking for a better entry you can look for one around the $14.22 area and manage risk accordingly.
* Strong up trend in recent history
* Breaking out of a 6 month base
* Sector: Energy - Oil & Gas E&P
* Relative Strength vs. Sector: 1.07
* Relative Strength vs. SP500: 11.5
* U/D Ratio: 1.33
* Base Depth: 51.12%
* Distance from breakout buy point: 1.49%
* Volume 28.83% above its 15 day average
Trade Idea:
* You can enter now as the price is still close to the broken resistance.
* The target of 2.5 to 1 is close enough to reach
* If you're looking for a better entry you can look for one around the $14.22 area and manage risk accordingly.
Note
Target hit! I'm out of the trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.