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Apache: Bullish Triangle Below Bearish GapOil driller Apache is the S&P 500’s top performing stock in the second quarter with a gain of more than 150 percent in the last two months. But it’s also down more than 60 percent from its 2020 high near $34. This may give it more upside potential as the economy reopens from coronavirus. The oil market is at an interesting crossroads because production is plunging at the same time consumption is set to increase. The Baker Hughes rig count has dropped for 11 straight weeks and is now at the lowest level more than 80 years of history. Global drillers represented by OPEC+ have also shown a commitment to production cuts – at least for now. APA could be interesting technically and fundamentally. Technically, it’s made a series of higher lows while staying under roughly $13.50. That’s the bottom of its bearish gap from March 9, when coronavirus really slammed the entire energy sector. Fundamentally, APA is also in the process of a turnaround as management shifts from struggling operations in Texas to newer fields off the coast of Suriname. Traders may want to build positions around these levels and look for the trendline to hold, followed by a potential gap fill. Today’s low could be a price level for risk management.
ALong
by TradeStation
$HLX can rise in the next daysContextual immersion trading strategy idea. Helix Energy Solutions Group, Inc., an offshore energy services company, provides specialty services to the offshore energy industry. The demand for shares of the company looks higher than the supply. These and other conditions can cause a rise in the share price in the next days. So I opened a long position from $3,02; stop-loss — $2,67. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NYSE:HLXLong
by KozakHlib
2
Energy Transfer Equity (ET); Utilities Recovering From COVIDNOTE: ✨ We provide charts every day ✨ Like and Follow to help us grow family! 🎉 SUMMARY: We are waiting on a confirmed long signal on Energy Transfer Equity (ET). Looks like ET is a solid play as utilities recover from COVID. --- Silver Scalper Trend Confirmation = Range MA Entry Signal = Bull/Bear Power Exit Signal = Bull/Bear Power OR Range MA --- DESCRIPTION: 1. Range MA is showing an uptrend (Green bar color) on ET on the 1hr minute chart. 2. Price action is bullish via the rising wedge. 3. We are waiting for consolidation or a pullback where we hope to see a Bull signal from Bull/Bear Power to confirm a long entry. 4. Looking at the R1 gap and at R2 for potential resistance if price moves up. 5. Looking at the S1 range for support if we go lower.
NYSE:ET
by AlphaBotSystem
JSE 30-Day challenge: Day #6 REN6th Day. Today we place order for under-performed energy stocks. I have the idea to start some high-risk/high return game. The main object to post one idea per each day for 30 days in a row. Goals: 1. Buy stocks every day. 2. Keep balance at least of ZAR150.000 on 20 June 2. At least 30% of picked up stocks need to hit 25% profit gain. Rules: Only JSE stock exchange. The initial budget is ZAR300.000 Limit per one trade from ZAR5.000 to ZAR10.000 Spend no more than 1 hour per day to buy any stock and publish the idea. Last day to buy stocks - 20 May Last day to sell stocks - 20 June Log: 1st day is JSE:MCG ~9100 p/s 2nd day is JSE:NHM ~8325 p/s 3rd day is JSE:PBG ~191 p/s 4th day is JSE:QFH ~362 p/s 5th day is JSE:WEZ ~47 p/s 6th day is JSE:REN ~ 1100 p/s
JSE:RENLong
by Kopachelli
MEG Prediction for Reversal and Good Buy PointsHey Everyone. Over the past few weeks I've been following MEG (Meg Energy) on the TSX and I'm sharing my prediction for a reversal of current price. With a beta of 3.11 MEG is very volatile and over the past few days a few strong patterns have surfaced, obviously the small double bottom (#2) APR 7-APR 8 that proved to be true. Now we see a double top surface (#1 & #3) after APR 8. This could indicate a consolidation trend with a descending triangle pattern, illustrated in the green which could be followed by a sharp decline in price breaking current support @$2.62. On the other hand we could see a sudden and immediate downturn at a similar rate that it fell when the stock priced dropped in March due to COVID, because of the current uncertainties around Crude prices. This would be key to watch to see if this downtrend is interrupted by previous support (#5 &#6) This would create a great buying opportunity with a potential of a 100%+ return if Crude prices stabilise or rise at these times. MEG is a fairly solid company that will most likely pull through this crisis and be successful afterwards, they're also one of the main oil producers here in Canada which many larger companies rely on. The balance sheet isn't amazing, however the threat of bankruptcy is low since they're a key player in the Canadian Crude economy and could be possibly subsidised by the Canadian government if things take a downturn within the company. Obviously the price and everything is completely up in the air and relies on the price and demand of Crude oil. Let me know what you think!
TSX:MEG
by Hitzy2000
Camber EnergyStock Symbol: CEI Getting candle cross on weekly, bounce around previous low. This is looking like a shift in momentum to the upside. Accumulation phase Diversify and use 5% stoploss ---------------------------------------------------- We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your arsenal. Use Promo Code: FIRST100 to receive $50 off of your course! First come, first serve / Code valid for first 100 buyers. Normal price $99 --------------------------------------------------- Thank you for your continued support, God bless you though these times. - Major League Trader
CLong
by UnknownUnicorn2319099
Short/Middle -term idea: BUY TALO @ 18.21Buy @ 18.21 Take @ 24.0 (+31%) Stop @ 17.3 (-5%) Due to impact of the coronavirus Energy sector plunged the most among the sectors. That's why it is a good idea to start watching for energy stocks. Talos Energy highly sensitive to oil prices, therefore I recommend to place close stop order. However the return may be even over $24,0, but more probably that it will touch 24,0 and reverse for correction. Talos Energy has an aggressive plans to enlarge margins and to cut costs. Please make an research by yourself to proof these statements. In conclusion, I want to invest in energy sector stock due to the coronavirus impact and I choose one that has a high potential to surge till the year ends. All energy stocks considered as risky investment, so I strongly recommend to put close stop orders.
NYSE:TALOLong
by Dolmatin1919
SM can see REVERSAL here!There is a real opportunity here! SM has taken a beating along with the other major energy players. You can thank Corona virus for causing many of these dumps but i'm looking at the bright side... Reasons to long: -Strong weekly support that has seen massive reversals throughout its history -Weekly divergence on the macd and rsi -Daily divergence on the macd (Class A) -Triple bullish divergence on the 4h - PCZ of crab harmonic pattern (value zone) -Easy tight stop under resistance, yet high retracing potential This is not financial advice, please do your own research before opening a position If you enjoyed this idea, please give me a like. For more content like this follow me Thanks for your support!
NYSE:SMLong
by Eldtrades
GUSH Long ideaIf you have been watching oil and the energy sector you've seen quite a decline lately. It could be that the energy sector bottomed 2 days ago. Look at that lower trend line. touched several times and very nice gains after ward. I would be willing to bet the bottom is in for GUSH. I usually like to wait to see the price regain the 10 sma and get above the supporting moving averages. BUT, if your brave. A low risk setup because you can set your stop at the recent low.
AMEX:GUSHLong
by bhowe
Haliburton: Will Bears Pounce at Key Level?Energy has resumed its bearish ways lately as geopolitical risk goes out of the market, but plenty of supply keeps coming in! Just yesterday, International Energy Agency Head Fatih Birol predicted an oil surplus of 1 million barrels in the first half. Halliburton is one of the biggest names in the sector, and one of the most active underliers in terms of options activity. That creates the potential for leveraging even small moves with puts. HAL is also at a key level around $24. Chart watchers may look for a retest of recent lows near $18 -- or lower -- if that area breaks. MACD is signaling bearish momentum, as well. The company reported strong earnings yesterday, which has supported its stock price. But rival Schlumberger fell despite similarly positive news on Friday. Will HAL follow? "The trend is your friend," as the old saying goes. The long-term trend has been downward in energy. And now, after a period of consolidation, the bears may be prowling again in this sector.
NYSE:HALShort
by TradeStation
1
XLE Ascending Triangle to be formed While the horizontal line continues to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows, XLE is forming the ascending triangle pattern as a bullish information. The target could be taken at the horizontal line which also considered a resistance and a stop loss could typically be placed just outside the pattern on the lower band which is at roughly 58-59 levels. On the fundamental side, here comes the news as Supply threats push oil prices higher. Crude futures surged as much as 1.7% overnight amid threats to supply, but have now pared some gains, up 0.5% to $58.86/bbl. Forces loyal to Libyan commander Khalifa Haftar blocked exports at ports under his control, causing the National Oil Corp. to declare force majeure, which can allow Libya to legally suspend delivery contracts. Iraq also temporarily stopped work on an oil field on Sunday and supply from a second production site is at risk amid widespread protests. Besides , during 1/2 through 1/13 sessions, there were some bullish bets detected on the options chain that total valued around 1.32 million long calls strike from 61.21 to 65.21 expiring in Feb, March and Jun.
AMEX:XLELong
by Hunt-orbe-Hunted
1