A measured move after a break of long-term resistance suggests a move of +45%
1/2 We sold most longs in #OIL, trailing position left Been going long $UCO & shorting puts @ lows We want back in, why? There's something brewing in middle east area More on this later Chart is too much, explain in next post $USO $CVX $XOM $MPC $SUN - 2/2 Short term #oil is on a slight uptrend (white) It also more recently trades in channel (yellow) Longer...
Holy shit. What was that buy volume on the 8th? It's the largest flow measure in either direction... ever. I haven't looked too far into it but considering that and the slight descending wedge we've entered I think we could be on the way up. Possibly in a big way. I know I've said this before, but this time, I mean it. Promise. my price target is $14. Anything...
Thesis: I bought into ET @ $7.94 when the company was neck-deep in debt and its future didn't look promising. The key event that turned this company around was the recent storm in Texas that left a large population with no power. This was an incredibly profitable situation for ET as Texas was not connected to the US power grid, therefore Texans had to buy fuel...
A very well run company that has not slashed dividends... has little to no debt and is a leader within the MLP industry. This is a long term buy and hold for me... I will reinvest dividends to cost average down if we fall more. Ryan