#MTDR $MTDR60 ABOVE last few days swing high breakout
61 above trendline breakout
already 21 ema above close
64/66 can test soon if breakout sustain
MTDR
🛢️ Matador Resources (MTDR): Poised for Growth! 📈🚀📊 Company Overview:
NYSE:MTDR is a US-based independent energy company.
Recent interest from institutional investors signals growing confidence in its future.
📈 Growth Factors:
Anticipated completion of the Pronto/San Mateo connection in 2024.
Expected resolution of previous midstream constraints, driving further growth.
Solid revenue growth of approximately 18.09% as of December 31, 2023, outpacing sector peers.
📉 Trade Plan:
Entry: Above the $58.00-$60.00 range to capture bullish momentum.
Upside Target: Aim for $95.00-$97.00, reflecting growth potential and positive sentiment.
Risk Management: Set stop-loss orders to mitigate downside risk.
🔄 Strategy:
Monitor institutional investor activity and industry developments for insights.
Stay updated on company announcements and progress on key projects.
Adjust trade plan based on market conditions and emerging trends.
📈 Note: Exercise caution and conduct thorough research before executing trades. #MTDR #EnergySector #Bullish 🛢️📈
MTDR: Potential BuyCurrently retesting the s/r area and rising trend line. Expecting the price to keep going higher with a final target of 82 USD backed by positive analyst expectations.
