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$XLE Ascending Triangle PatternAMEX:XLE Ascending Triangle Pattern, waiting for a breakout. Key Elements: Rising Support Line: This trendline connects the higher lows. It indicates that buyers are stepping in at higher prices, suggesting increasing demand and potential accumulation. Slightly Sloping Resistance Line: This trendline connects the roughly equal highs, forming the upper boundary of the triangle. It represents a level where sellers are currently entering the market. Interpretation: The bullish triangle pattern suggests that despite the temporary resistance encountered at the horizontal trendline, buyers are gradually becoming more dominant. As the price gets squeezed into the apex of the triangle, there's a diminishing range between the highs and lows. This compression often signifies a potential breakout to the upside. Potential Breakout: Traders closely watch the pattern for a breakout. A breakout occurs when the price moves decisively above the horizontal resistance line. This is often accompanied by an increase in trading volume, indicating a surge in buying interest. The expected price target after a bullish triangle breakout can be estimated by measuring the height of the triangle at its widest point and adding it to the breakout price. Confirmation: To confirm the validity of the bullish triangle pattern, traders often look for an increase in volume during the breakout, price movement above the resistance line, and ideally, a retest of the upper trendline as new support.
AMEX:XLE
by AlgoTradeAlert
ENPH - a long energy trade LONGENPH is in the energy sector which has been strong in the past couple of weeks. On the 2H chart over the past two years visible, ENPH is just above its support. It is about 50% below its pivot highs of 9-12 months ago and in a parallel descending channel. I believe that ENPH is now set up for a 50% retracement of the Fibonacci type. Fundamentally, two or more good earnings reports is certainly reassuring as is the present sector trend. I have drawn in horizontal levels/lines for targets. I will take a stock trade long and investigate a 6 month duration options contract as well. Please comment if you are interested in those details.
NASDAQ:ENPHLong
by AwesomeAvani
3
Uranium Miner ETF Breaking a 2 year Resistance TrendHi Guys! This is a Technical Analysis on Sprott Uranium Miners ETF (URNM) on the 1 Week Timeframe. We are currently in the process of BREAKING OUT of the Major Resistance Trend that started from November 2021. Just KEEP in MIND -> The candle closes end of the trading week. So if end of week we are still ABOVE the resistance line thats 50% of the work done for TREND CHANGE to occur. The other 50% to reach 100% of completing the job is the observation of CONFIRMATION above the resistance and having it turn SUPPORT. Once we do that, we can start moving towards TARGET 1. Notice also how for multiple weeks straight we tested SUPPORT on the 21 EMA, and now we are moving above it. This is a sign of BULLISHNESS Remember we must wait for CONFIRMATION above the resistance. Without it, the chances of a FAKEOUT are probable. STOCH RSI is showing that BULLISH momentum is entering. As long as we maintain this, moving up above the 80 level. It INCREASES the PROBABILITY that we complete the TREND CHANGE above the Major Resistance Trendline. RSI is also in the process of a Trend Change. Notice how we tested SUPPORT and bounced off the BLACK line. Stay tuned for more updates on URNM in the near future. Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
AMEX:URNMLong
by SafofAllTrades
ERX a leveraged ETF reflects the energy sector rise LONGERX as shown on the daily chart shows a VWAP band breakout into the mean VWAP from the lower VWAP lines coupled with a rising momentum on the PMO targeting 72 as the YTD pivot high. Given this is a leverage play in the supertrend shift in a major sector I see this as a low risk moderate reward potential type of trade I will take this trade long expecting to reap simple modest unrealized profit. The stop loss is @ 58.6 while the upside is 10%. Please comment if you need more details or are requesting a call option setup specifics. x
AMEX:ERXLong
by AwesomeAvani
Valuation Chart for Exxon Mobil (by The Equty Channel)Average analyst target for Exxon s higher at $127.79. Traders who want to take advantage of this may wait to enter the trade near far value of $83.64. Oil prices hare being negatively impacted by the current economic environment and there could be some near term downside ahead of greater summer demand. Those looking to invest should know that the longer term outlook for Exxon calls for earnings to experience a -10.74% CAGR over the next 5 years. Pairing that information with my knowledge of the current economic environment it suggests there could be pandemic-like draw down for the energy sector, as the global economy continues to weaken. Investors should understand that Exxon is anchored to lower prices and wait for better buying opportunities. Tune into the Equity Channel Podcast next week for a discussion of what we may be able to expect in the second half of 2023.
NYSE:XOM
by D1Finance
Black Gold or Green Future: The Big Oil ParadoxThis investment strategy scrutinizes the complex landscape of major oil corporations like Exxon, Chevron, Shell, and BP , situated at the crossroads between their traditional petroleum-based profits ("black gold") and the imperative to transition towards sustainable energy sources (the "green future"). The approach is uniquely neutral, recognizing both the potential upside and downside of these energy giants, and is armed with targets for either trajectory. One must take into account: 1. Nuclear and Fission Energy Impact: The rise of nuclear and fission energy poses another threat to these corporations. As a clean, efficient, and increasingly cost-competitive source of power, nuclear energy is growing in popularity. Once nuclear energy starts to gain more traction and acceptance, it will further undermine the demand for oil, exacerbating the challenges for these energy giants. 2. Regulatory & Environmental Risks: Anticipating potential regulatory changes aimed at reducing carbon emissions and promoting sustainable energy can help set downside targets. At the same time, successful mitigation of environmental risks might offer upside prospects. 3. Drop in Oil: A dramatic oil price drop would significantly reduce these companies' revenue and profitability. Oil price and the financial health of these companies are closely linked, given their heavy reliance on oil sales. 1. Exxon Mobil Corporation (XOM): $250 billion 2. Royal Dutch Shell PLC (RDS.A): $150 billion 3. Chevron Corporation (CVX): $200 billion 4. BP PLC (BP): $85 billion TOTAL= 700 Billion
EURONEXT:SHELL
by MichaelBsul
Enphase Energy Analysis 18.11.2022Welcome to the BasicTrading channel. My name is Philip and in todays analysis I quickly go over the situation which we currently have on Nas100 . I will analyse the asset both from a weekly and daily timeframe to show you the best possible trading opportunities. If you enjoyed this analysis, let me know in the comment section which asset I should analyse tomorrow. I will personally reply to every single comment. Dont forget to smash that rocket and I will see you tomorrow with a new analysis.
NASDAQ:ENPH
by basictradingtv
2
XLE breaks TL but holds vol profile zone(75-77); is 71 or 65 nxtUpdate on my last post that XLE energy sector must hold the red trendline at 79. BEARISH CASE shortterm: On Thursday it broke not only the TL but also broke below my yellow consolidation box.(middle one). As of now it is holding the volume profile zone at 75 to 77 area. Looking at the heavy selling volume in all sectors, a double bottom at 71 is very probable. 76.70 is the 0.618 Fib level while 71 is the 0.786 Fib. Worse, we may even see a retest of the blue wedge at the 65 pivot line. That will be a 100% retracement back to the Feb 24 invasion low. (It broke out of the blue wedge & retested it last Jan 2022 & proceeded to make a measured 10 points move to 82 & then another 10 points move to 92) Still BULLISH longterm: If XLE bottoms out at the current volume profile zone & reclaims the red trendline in the next few days, we may see a retest of 92 or maybe even push another 10 points higher to 102. You may ask if that is still possible with a slowing economy? Bear markets on average starts 5 months before actual recession (2 consecutive Quarters of negative GDP). We are now at the 5th month but employment & production & consumption numbers still suggest recession is still far out maybe in 2H2023. Either we are in uncharted territory with a prolonged bear market or maybe we will see another melt-up rally first before recession kicks in. This will be possible if inflation & rates slow down with the FED pivoting to less hawkish stance in September after the already priced-in June & July 75 basis point rate hikes. Note: A slowly rising dollar will not be good for commodities like oil, food, industrial metals & gold but it will help cushion the bad effects of inflation on buying power…good for imports but bad for exports. Not trading advice. Pls like & follow if this helps!
AMEX:XLELong
by xtremerider8
Iron Condor XLE 13 May 2022XLE 13 May 2022 The current implied volatility is at 36.3%/year So that converted into daily is 2.3% Since we are in need of the open price for the highest accuracy, I am going to take the current price which is 79.3(you can also wait for the opening price and take +- 1.8 points from the open candle value) So based on that our channel for today is going to be compressed with a probability chance of 85% within TOP 81.1 BOT 77.5 From fundamental point, today we have no big volatility news that can impact our asset. At the same time the current values are expected to be sidemarket/bullish. At the same the weekly expected channel top and bot values for DIA were TOP 335 BOT 314
AMEX:XLE
by exlux
Global Politics effect on energy Gas is the winning card of Russia Ukraine's global conflict in investor view. We have seen a lot of back and force between Russia and the USA because of a pure political-military opportunity from the USA side, What makes Ukrania is the main interface of the USA in Europe, From Russia side, they will not choose the war as the best option rather than using economic sanctions, The second top Gas producer in the world will play with its best weapons, Yes, Gas The best energy commodity which the whole of Europe depends on. The prices of gas will increase in the coming weeks. This political issue will give the energy sector some bull push so, we will see some volume inter the market these days. We have seen the gas prices increase in the last May 2021 from 2.550 to make more than 120% in just 4 months, then we have seen the price start retrograde from 6.240 to 3.800 with making the second wave for bulls to reinter the market before the Russia Ukraine conflict. You may see the situation is unclear for now, But make sure that if Russia got delisted from swift code that will be huge negative effects on the whole of Europe before the USA itself so, don't worry the invasion will be the last choice in this conflict between The US and Russia putting Ukrain in the front line of the US interests. For the Investors who like to bet on wars, this is for you. Going with direction is preferred for investment so we will take the chance as we got a tip for Gas prices. Whether there is a war or not the gas price will continue increasing just because of the speech from each side. Position ============ Buy entry in the 5.00-5.30 area Buy limit at 3.00 - 3.30 area Targeting 9.00 - 9.300 area We expect a 78% return in 6 months to 12 months (Estimated)
NLong
by youssefallax
2