Delek Logistics, logically descending. DKLImmediate targets 40, 37. Invalidation at 58.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
DKL
Dekel Oil ready for the seasonI love these guys and the work they are doing in West Africa.
This is a new year and we can see that in past the first months (Q1 & Q2 as first and second part of the high season) are very good so we can expect the same thing to happen this year.
Beyond all the factors that surround the production of oil palm (obvious fall at the end of the last year), from the technical point of view and directly in the chart, the fact of having respected the strong support projected from the previous top tells me that Dekel Oil is ready for a new uptrend .
Unfortunately I do not have enough information to believe that this trend can last all year, but enough to set a target for the first half of it.
I will see how it behaves and how the operation of the company develops and plan the second half of the year.
I hope you find this useful.
Best wishes to all!
Long DKL from Multidiagonal BreakoutThe initial breakout here was actually earlier in 2017, but now that the upper diagonal (that was acting like a price ceiling) has been taken out, I think we could be due a bull run here.
On this rare occasion I also have fundamental research notes too:
themaskedstocktrader.blogspot.co.uk