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Marathon Reaches IntermissionWith an overlapping wave structure since its inception, Marathon has seemingly finished Wave 3 of its apparent diagonal wave. With Wave 3 being longer than Wave 1, it should also be expected for Wave 4 to be longer in price length than Wave 2. This makes it very probable for share price to see a 50% shave over the next couple-few years. A drop below the yellow line is nearly mandated currently (unless a new all-time high is secured). Holders should look for the most suitable exit in order to avoid more losses than necessary. (Wave analysis has been redacted from this marking however, wave-by-wave analysis will be tracked via link in bio).
NYSE:MPCShort
by DigitalSurfTrading
2
Why Warren Buffett pours billions of dollars into OXY ?Legendary investor Warren Buffet is pouring billions of dollars into Occidental Petroleum Corporation ! when it rejected heavily from strong and valid down trend line ! why ? Please note Buffett is a long term investor not a trader !. US market has been in a Bull run in large time frames (Yearly or Monthly) since 1932 therefore, any long term investor who chose fundamentally powerful stock has made a huge profit. Although I believe Berkshire could have chosen better time and maybe lower price to start buying shares of OXY, I think it will see higher prices in long term in fact, It goes much higher than ATH and will reach to around 180 USD per share or even higher in up coming YEARS. Now , lets look at what we have in technical point of view: 1. OXY was rejected strongly from valid down trend line in weekly time frame for 4th time . Break out of this heavy down trend line is very important for the stock to go higher. 2. In terms of Elliott waves, similar to many other energy stocks like XOM, COP, SLB and etc , OXY has completed and ascending complete wave cycle from IPO to latest major low (Primary degree waves 1 and 2 on the chart shown by green and red arrows respectively ). It means that impulsive section (Primay degree wave 3) of new wave cycle has been started at last major low around 9 USD. In closer look, currently we are in wave 4 of 1 of primary degree wave 3. Elliott wave labeling on the chart shows internal waves (12345) of wave 1 of primary degree wave 3. It means there is one more leg up ( wave 5 shown on the chart ) to complete wave 1 of primary degree wave 3. Then we will probably have a major correction (wave 2 of 3 ) down to 40-50 level and after completion of correction , wave 3 of 3 which is most profitable and most speedy wave will start. Please note this is most probable scenario and we are not talking about certainty. 3. Beside strong down trend line, there are many strong static resistances on OXY climb road. These Resistances are shown by red horizontal lines on the chart. Therefore, OXY will face difficulties on the way to reach it's target. One more important note : As Berkshire owns now around 20 % of company shares and they are long term holders, We can somehow be sure that 20 % of shares of company will be out of future sell pressure in up coming years which is very important note to be considered. All in all, I believe OXY , like many other energy stocks , offers huge profit for long term investor and traders. However, Is it a right time to open a long position? It depends on personality and risk management and patience of investors/traders. I myself, keep OXY in my watch list and think it can be bought on lower prices as shown by green lines. To me, buying a stock when it is struggling with a strong down trend line is dangerous and as always, I am seeking for a safe trade set up. I Hope this publication to be useful and wish you all the best.
NYSE:OXY
by SaeedSajedi
16
50 Fib Level for CREGThis 50 fib level for CREG stock has been a pivot for months. No matter if it's broken out or slid lower, this area remains a magnet for the stock. With higher volume recently and a stronger uptrend on 7/19, 50 fib level is once again a point of interest and an important level to watch. Either way, it's come a long distance since it was on the list of penny stocks to watch . Something to keep in mind, however, is that the company gained approval for the Authorized Share increase from 10m to 100m ( 7/9/2021 8K filing ). That can sometimes mean they need more wiggle room in their share structure to issue more stock. In line with this, it can also mean dilution depending on the inspiration behind the AH increase. At the very least, it's something to keep in the back of your head if you've got CREG on your watch list right now.
NASDAQ:CREG
by PennyStocks101
MMAT Levels To Watch Right NowNot much happening with major Fib levels for MMAT however, that 200DMA seems to be acting as a potential level of support after falling below the 786 fib line. Meanwhile, there seems to be a level of resistance around $5 that has been the case several times over the last few months. The big question now is will the 200 hold this week? Also have the SC13 G from last week to keep in mind. Nova Scotia Innovation Corporation (Operating as: Innovacorp) reported a 4.399 % stake in the company. This was an amended 13G and if you look back at the one posted on 7/7, you'll see Innovacorp reported a 6.558 % stake.
M
by PennyStocks101
Woah G WOGI!WOGI hasn't attempted to test these levels since 2014! TLDR, I'm not gonna go all the way back to 2014 to DD the stock because this is just about identifying potential levels. I drew out the fib retracemtent using more recent lowest lows and the 2014 high and interestingly enough, the 786 fib line lined up with a pretty clear, recent level of resistance that WOGI juuuuuussst broke through. Meanwhile, the $0.11-$0.13 area isn't a "random" sticking point" either. Once again, go back to 2014 where WOGI broke out in a big way last and you'll see that this area was a recognizable pivot (resistance turned support turned resistance). Now, does this mean it's set to fail again? that is going to be up to the market right now. All I'm doing is pointing out particular areas where there could be some interest to watch more closely than others. since the 618 fib is still a ways away, the fact that 11-13 cents was a previous area of "traffic" is too coincidental not to monitor it now that WOGI is trading at that same level. I think volume will be an important key to dictate the next leg higher or rejection and move lower. We'll see. But again if WOGI is on your list of penny stocks to watch right now, I think these could be interesting areas to monitor. Management changes, cancellation of share issuance in April & plenty more news on WOGI here: pennystocks.com
W
by PennyStocks101
Identifying Pain Points For USEGUSEG is a relatively flat stock for the most part. It's had its share of breakouts here and there but seems to call anything under the 786 fib home. Coincidentally, over the last year, this same 786 fib level has remained a pain point on the chart where USEG might break above it for a moment but fails to hold any significant level of support after doing so. That's what happened on 7/14 once again. BUT something that can also be seen is the very slight uptrend since November. When I say "uptrend, I'm referring to higher lows versus that green trendline. Will this get retested after today (7/14) or is there hope for another rally this week? Similar short term pops have happened since last September most notably . That is when the stock popped to $18.57 then dropped like a 3 ton weight.
NASDAQ:USEG
by PennyStocks101
CEI Camber Energy Bullish - BlackRock increased Ownership in it!On 5/7/2021 BlackRock Inc. reported 472,687 shares of CEI Camber Energy worth $0.49M, an increase of +47,268,600% and 1.891% ownership in the company. If you do the math, they bought the shares at 1.03usd! Now you have the opportunity to buy them lower than BlackRock Inc at 0.60usd! Average daily Volume is 8,539,760 Market Cap is only 34Mil Using the Fibonacci extension tool, my price target is 2.1usd!! Now you tell me if it is a gem or not!
CLong
by TopgOptions
14
Where is Enphase Energy Moving Next?Enphase Energy NASDAQ:ENPH is coming off an excellent month of June 2021, up over 30% and 82% YTD. Now, we sit about 30-days from earnings with the street estimating an EPS of $0.42. Is there another period of time where ENPH faced a similar situation and chart pattern? Yes, from mid-September 2020, until mid-October 2020, ENPH ran up over 63% and reached its peaks about 30-days before earnings. Looking back at the chart could help us understand where ENPH might be heading during July 2021. Solar and energy storage stocks have been heating up as governments push climate agendas including possible tax credits for each stage of the solar manufacturing supply chain, tax credits for homeowners to install solar power, and other possible incentives and initiatives. Another company that has benefitted from the current environment is Generac Holdings NYSE:GNRC . They also had an amazing month of June 2021, up over 26% and 84% YTD. Sure, with GNRC the weather plays a role as they sell many generators, but they are also ramping up on their energy storage solutions just like ENPH. ENPH has a premium micro-inverter product and a growing energy storage business. This has given many analysts reason to place a buy rating on ENPH. Now looking back at the chart. Comparing the two time periods, then and now, you can see that after the runup in 2020, ENPH consolidated up until earnings were released, and for about 7-days thereafter. Then, there was a spike in volume setting off a bull run that finished the year of 2020 and pushed the stock even higher into 2021. This rally set a new all-time high on January 7th, then another all-time high of $229 on February 10th (right when earnings were released). Next, we had the great tech rotation sending any stock related to technology lower over the next 90-days. ENPH hit its low of $108 on May 11th. Since reaching the May 11th low, ENPH has climbed 73%, just another 18% and ENPH will be hitting a new ATH. Now, here's what you came for. Where is ENPH moving next? Well, if history can be our guide, and yes, history doesn't repeat, history rhymes, then we should expect ENPH to start consolidating with a mix of green and red days until earnings. One thing on the chart that is different this time around is lower volume. Now after earnings are released it's anyone's guess. A beat on earnings could push ENPH to new all-time highs and a miss could give long-term investors a great entry point on a stock currently trading at a premium. Now I will hand it off to you. Where do you think Enphase Energy is moving next?
NASDAQ:ENPH
by TickerTimeNews
Back In The Ol' Gap With GTEGTE following the trend of the broader energy sector. However, volume isn't as strong as I would necessarily like to see for a full on breakout. But given the trend, it's gonna be nice IF GTE can bust back through this resistance level and stay there for a while. "Keeping in theme with the other energy stocks on this list, Gran Tierra is a Canadian-based exploration and development company working in the fossil fuels industry. Up by around 5% at midday, GTE stock has been gaining momentum in several recent trading sessions. In the past month, shares of GTE have pushed up by over 25%, and in the past six months by over 125%. Again, we see the price of oil and gas companies continue to push up as Covid case numbers decline globally. While GTE is based in Canada, its exploration operations take place in South America, specifically in Colombia and Ecuador. It is also pursuing other opportunities in similar regions around its existing developments. A few months ago, many investors feared that Colombian national protests would have a major effect on oil and gas operations domestically. But, Gran Tierra managed to largely avoid any sizable shut down at its plants. Considering its role as a pure-play energy penny stock, it could be worth watching alongside dwindling case numbers." Quote Source: Hot Reddit Penny Stocks to Buy? 10 That You Should Know About
AMEX:GTE
by PennyStocks101
RIG Channel trading right nowRIG still holding a relatively clear channel right now. I think with the discussion on inflation it could get (and seems to have gotten) folded into the "inflation strength" conversation. "So, why exactly is Transocean a play for inflation? Well, as stated earlier, energy penny stocks have a great amount of demand to contend with. This demand increase could result in increased financials for the coming periods." Quote Source: Best Penny Stocks to Buy Ahead Of Inflation? 3 To Watch Right Now
NYSE:RIG
by PennyStocks101
ET, Energy Transfer, Tickets PleaseET, monthly, energy value play: The current monthly bullish engulfing candle patter within the right ellipses appears to repeat an identical, bottom reversal candlestick pattern from 2009 (yellow+orange). Strengthened by the local Adam Eve double bottom , bullish divergence makes case for Fibs targets & the measured move validates 1.272 overhead extension. Get paid along the way. Remember this is the monthly, so the idea here is a slow and low setup with easy risk management and excellent profit exposure.
NYSE:ETLong
by WhoLetTheBullsOut-
Can't Argue Wth The Energy Trade Right NowOil and gas continue to make new highs. But don't forget to keep an eye on OPEC+. That's the only thing that has me cautious right now. With a need for more infrastructure and in consideration of the reopening trade, my guess is energy sources will be needed. Regardless, a build or increased production globally could put a dent in this bull trend. Not sure if it will be long-lasting or an interim effect. But something to keep in mind I think. The company recently released its Q4 results and provided a fleet status report. Borr generated just over $60 million in revenue and reported a net loss of just under $47 million or around $0.22 per share. The company also explained that “even though we received broad support for the liquidity improvement plan, concluded in January, we are convinced that some opportunities remain to further improve our capital structure and liquidity in 2021.” While the majority of oil and gas stocks still have yet to reclaim their pre-pandemic levels, a stronger focus on them right now could be supporting reasons why stocks like BORR have continued rebounding. Quote Source: 5 Penny Stocks For Your March 2021 Reopening Watch List
NYSE:BORR
by PennyStocks101
2
$JCS Announces Agreement to Merge with Pineapple Energy, LLCCommunications Systems, Inc. Announces Agreement to Merge with Pineapple Energy, LLC $JCS ("CSI" or the "Company"), an IoT intelligent edge products and services company, today announced that it entered into a definitive merger agreement with privately held Pineapple Energy, LLC ("Pineapple"), a growing U.S. operator and consolidator of residential solar, battery storage, and grid services solutions. Pineapple recently signed definitive agreements to acquire Hawaii Energy Connection ("HEC") and E-GEAR, both Hawaii-based sustainable energy solution providers. This transaction will pave the way for the combined company to effectively raise capital and use stock as a currency to acquire other leading regional solar, storage and energy services companies." CSI expects the sale proceeds from any pre-merger divestitures to be distributed in the form of a cash dividend to existing CSI shareholders prior to the effective date of the merger. In addition to any proceeds from pre-merger divestitures, CSI expects to distribute to the pre-merger shareholders a cash dividend of at least $1.00 per share prior to the closing of the merger. The Company also intends to make additional cash dividends from cash, cash equivalents, and investments and proceeds from the sale of legacy CSI assets and businesses sold after the merger through the CVRs. Each CSI shareholder as of the merger record date, will receive Contingent Value Rights ("CVRs") that reflect the right to receive that shareholder’s percentage of the net proceeds from the sale of legacy CSI businesses and assets, after the closing. Additionally, current CSI shareholders will retain shares in the combined company, initially holding approximately 37% of total shares outstanding. This ownership is expected to decrease over time due to earnouts to Pineapple shareholders and capital to be raised through potential future equity offerings. Other information about the Merger and Related Transaction The transaction is structured as a statutory reverse triangular merger under Delaware law under which a new CSI subsidiary will be merged with and into Pineapple. Pineapple will survive the merge r and become a wholly-owned subsidiary of CSI. The Members of Pineapple will receive base consideration of 15.6 million shares of CSI common stock. The base consideration will be increased for any outstanding convertible notes issued by Pineapple in a pre-closing financing, which will convert into additional shares of CSI common stock at a rate of $2.00 per share and be decreased for any outstanding indebtedness of Pineapple in excess of $22.5 million, which will reduce the base consideration at a rate of $2.00 per share; In addition to the base consideration, Members of Pineapple may receive additional shares pursuant to an earnout. Additional shares of common stock will be issued to Members of Pineapple upon the occurrence of the specific milestones. Financing Growth In conjunction with the merger, CSI and Pineapple Energy are exploring equity financing through a private placement that would close in connection with the closing of merger, with proceeds to be used by the combined company to finance additional acquisitions and working capital needs of the combined company.
J
by AlenCiken
Piper Sandler Lifts $TS to Overweight From NeutralPiper Sandler Lifts Tenaris SA to Overweight From Neutral, Price Target to $23 From $16.25 In the fourth quarter of 2020, our sales rose 12% sequentially driven by a gradual recovery in drilling activity in the Americas and a good mix of products sold in the Middle East. EBITDA rose 79% sequentially, reflecting a better industrial performance and the operating leverage of higher volumes on a lower fixed cost base after the restructuring measures implemented during the year. net cash position remained stable at $1.1 billion. For the year, we recorded a net loss attributable to owners of the parent company of $634 million, or ($1.07) per ADS. finance.yahoo.com
NYSE:TS
by AlenCiken
2
Why $SUNW skyrocketed in January?%SUNW stock popped on Wednesday as projected Democratic victories in Georgia runoff elections boosted investors' hopes for a more robust green energy agenda. Democrats Raphael Warnock and Jon Ossoff are set to win their races giving the party control of the Senate, according to projections from Decision Desk HQ and Insider. It seems Washington is set to go green with a Democrat-controlled Senate, plus Joe Biden's stated goal of a 100% clean grid at the core of his climate agenda. As the Washington Post reported green energy lobbyists are lining up for their shot to influence the Biden Administration. The rally comes on the back of multiple positive reports on the sector from the likes of Goldman Sachs and JP Morgan. JP Morgan analyst Paul Coster said in the company's December Alternative Energy Outlook that "the falling cost per watt of renewable energy…positions wind and solar as the lowest-cost source of energy in approximately 70% of the world. markets.businessinsider.com After nearly running out of cash last year, the company has a new lease on life after selling $20 million in stock in December and paying off a $2.7 million loan. Sunworks intends to use its improved balance sheet to drive growth. The biggest problem for Sunworks is that it isn't even close to making money. Revenue in the first nine months of 2020 was just $29.3 million and losses were $11.1 million, or $0.75 per share. Those trends look like they'll continue, and with bigger, more established solar stocks available, this isn't a gamble I would be taking today. www.fool.com
S
by AlenCiken
Gevo - Are alternative fuel stocks still hot?Gevo's ( GEVO ) been trending for a while now thanks to a spark from SPIand other alternative energy stocks. It's also gotten a decent amount of new coverage and mentions on Dow Jones. But it's still a penny stock so we can't forget volatility is key. It will be interesting to see if GEVO can remain in this uptrend without putting out any new updates. "Aside from being one of the epicenter penny stocks, it’s also been considered one of the “ESG stocks” to watch. ESG stands for “Environmental, Social, and Governance.” The basic idea behind it is in support of companies that leave a positive impact on those specific areas of interest. How Gevo falls into the category has everything to do with its business model...While GEVO stock has been incredibly volatile, the overall trend has been strongly upward. Since September 24th, shares have climbed from around $0.80 to a close on Friday of $1.22. With a continued focus on reopening and alternative energy, will this 1-2 punch spark a continuation in GEVO’s chart this week?" Original Quote: Looking For The Best Epicenter Penny Stocks To Buy? 3 Names To Know
NASDAQ:GEVO
by PennyStocks101
$CCJ can rise in the next daysContextual immersion trading strategy idea. Cameco Corporation produces and sells uranium. The share price rose after good earnings. I see some preconditions the share price will continue growing. 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 $10,88; stop-loss — $10,36. 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:CCJLong
by KozakHlib