I am considering current theme of oil tickers with industrial, multiple pipeline incidents in recent history including most recent ocean on fire incident. ENG looks good from a technical perspective getting a falling wedge breakout on the 1 year 1 day with volume! check out the support and resistance levels and ask if risk reward is good for you. Do not trade...
I mean need I say more than the company’s name? Just wait for that bill to be signed! This company has a backlog of $2 billion! At the same price level that took it from $12 to $24! I got the funds in place!
APH appears poised to re-test ATH in current bullish leg. Upside target $73 - $79.
0.618 fib level has been tested repeatedly, and holds for now despite continuing to trade below MA100 and MA200. Selling pressure apparent from CMF and acc/dist. Most recent earnings tending toward pre-pandy levels, so perhaps overvaluation is becoming more difficult to ignore. Though I could reasonably see MPWR bouncing again within the current sideways channel,...
by iCantw84it 05.28.2021
Yes we have discovered Atlantis and you wouldn't believe what we found. Steel and lots of it! by iCantw84it per Request 05.28.2021
Model has given entry signals for Arch Resources: - Arch Resources, previously known as Arch Coal, is an American coal mining and processing company. The company mines, processes, and markets bituminous and sub-bituminous coal with low sulfur content in the United States. Arch Resources is the second-largest supplier of coal in the United States, behind Peabody...
Industrial metals are set to witness an upcoming rally after Joe Biden's $6T budget proposal, The spending plans would fund investments roads, water pipes, broadband internet, electric vehicle charging stations and advanced manufacturing research. CENX is an industrial metal stock that's being traded within a descending channel on the 4hr time frame since March...
Sector ETFs are great ways to make long term plays and gain more than just buying the broader market. We like industrials on several factors including re-opening. However, we can't emphasize enough that our system is more based on Reward to Risk Ratios and having the right Stop-losses on swing trades as well as long term investments. Industrials and Basic...
cypher harmonic pattern: AB=0.61 XA BC=1.41 AB tp1=0.78 XA=$84 tp2=1.27 BC=$136 tp3=2 BC=$465
Idea for Canadian National Railway: - An interesting thing has occurred. CNR approached Kansas City Southern (KSU) with an unsolicited offer that would merge the companies to become the first and only single railroad to cross Canada, the US, and Mexico. A combination of either CNR or CP with KSU would do this. Naturally, CP will want to stop this existential...
Relative strength against S&P picking up, strong breaks above trendlines with small caps still seemingly being supported by the market. Liking this one for a longer term hold
Good retest of previous break out area which is now support $245. I expect $BA to make a run up to the median of the pitchfork level again soon. Using fibonacci lvls we can see key resistance as pointed out in the graph. $BA is know to move big in a short time period and April is historically $BA best month Possible Upcoming Catalysts: C1 - Southwest order...
WTI Crude Oil is currently at a critical support level. The red line signifies the broadening formation that Crude is moving in. If we see a proper bounce here, the volatility in the markets as a whole will cool off too, because oil heavily influences the industrial and financials sectors.
if equity markets able to bounce again , clf shares can target for mid 20s. stop below 12.00$.
Industrials have outperformed this year as investors look for the economy to rebound. Ingersoll Rand is a member of that group with some interesting chart patterns. First, notice how IR surged to a new all-time high last week. It’s now pulled back to hold its earlier peak around $47.50 and form tight pennant. Traders may watch the 8-day exponential moving average...
1 candle = 1 month. Which shows us a 10 year down-trend which is about to be tested. If we break R1, R2 is the next potential move. Since early november we haven't broken the 10sma, which can be used to exit half your position. Fundamentally speaking, it appears the market is expecting the stimulus bill which might come in the next months, and will most likely...