Kosmos energy going lower than space. KOSC Wave of flat. Let's see how powerful the downward impulse will be.
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!
Kosmos
KOSMOS ENERGY LTD ( KOS ) analysis about risingNYSE : Kosmos Energy Ltd - KOS analysis about rising
KOS H4 chart
Indicators and oscillators positive
Positive volume
Price movements on the top band
In this case, the continuation of the rise can be expected
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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You can see the overall status in the following monthly chart
Kosmos Energy Shares Snap A 6-Day Losing StreakThe daily chart shows that KOS shares have been trading in an uptrending channel since the end of last year. Even though Kosmos Energy has had a nice move off of the lows, the stock had still fallen more than 21% from last summer's high on the current bear market in oil. An initial stop loss on a long stock position can be placed under $8.40 (under Tuesday's low). Near-term resistance is between the $9.50 and $10 level (stock failed at the 200-day SMA in September and November).
On February 23rd, KOS reported Q4 EPS of $0.33 vs the -$0.07estimate on revenue of $178.1M vs the $150.84M estimate. They sold 2.4M barrels of oil compared to 1.9M barrels of oil in Q4 2013. The company trades at a P/S ratio of 3.62x and a P/B ratio of 2.72x.
Options in KOS were extremely active today (49x the average daily volume). The bulk of the trades were in July call buying and put selling (implied volatility rose 9.3% to 61.07).