WAITING FOR BREAKOUT CONFIRMATIONJust a simple analysis for this oil counter. I'm still bullish with this counter because on the technical side we can see the price compressing to complete Ascending Triangle pattern. On top of that, we have the internal pattern of Double Bottom which I think strong signal for price reversal. I just roughly forecast the movement of the price by using Fibonacci, however, it is not quite accurate for now since we still waiting for candle to breakout at resistance line. It is not recommended to place an entry now since we don't have any confirmation. In addition on the fundamental side, Sapura Energy recently has been awarded new contracts for its Engineering and Construction (E&C) division, with a combined value of approximately RM766 million. Even though the company struggling to combat with the pandemic which most affected in O&G industry, yet they still secures new wins contract worth millions.
Oilandgas
SerbadkSerbadk timeframe on weekly
Likely for weekly chart pattern MACD try change to green bar after long week market .
If this week close above 2.100 as major resistance for triangle more upside is coming .
Possible all time high is coming for this stock because the fundamental Q report high earning 19q4 /20q1 .
SANTOS 20% INCOMINGSANTOS (ASX:STO) After a great market Announcement on 28.05 (completing ConocoPhillips Acquisition) we have bounced off support of this ascending wedge and its crunch time. 20% to close the major GAP left by th COVID Crash.
-Respecting Trend of Ascending Wedge (Haven't broken Bearish)
-About to Break Ichimoku Cloud
-RSI not Severely Overbought
-Conversion Line has crossed Base Line back on 21st APR and is still holding spread
-Lagging Line showing us respecting trend but we are approaching a double top
-Testing 100 EMA strongly
Due to the price Mid Major GAP, Still respecting Trend and testing the 100 EMA strongly. I am confident we will see a break through Ichimoku Cloud and close of gap @ 6.51 which is also a Major Resistance area & lines up with -0.27 FIB Extension
Stop loss is below PREVIOUS Structure and Below 0.236 Fib Retracement Level. Risk/Reward sitting at the minimum 2:1
Testing Week for SANTOS.
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
Cheniere Energy Partners $CQP "cup"It is following the curve and the target price will be $37.94 unless it falls below the curve
12month consensus price target is $41.40
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Thx
Noble Energy $NBLIf it break out of $10.26 and hold above, target price will be $12.93 to fill the gap.
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thx
DNR - No Brainer #2 All,
This one is also a good buy possibly a higher entry and you can see it is smashed between resistance/support. Either way long as you don't panic sell buying around this area should reap its rewards soon enough. I am in.
Earnings:
"Denbury Resources (DNR) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 12.50%."
QEP - No Brainer GainsAll,
This I have activated a trade.
EPS +1.56 (%8000)
Good chart setup
Gap to fill
PETMED EXPRESS $PETS is bouncingAfter it found its support at 50SMA, today there is a bullish signal with high volume.
If you find my charts useful, please leave me "like"
thx
PDS - Bullish Cup and Handle - Form Ascending Triangle - TakeoffAll,
The play here is simple lets see it either break with cup and handle or form an ascending triangle and breakthrough the top.
NINE - Filled LONG TERM GAP .. Rebuy in at 1.60s?All,
As ridiculous as this sounds NINE just filled a gap which is good news and near all time low/52 week etc. Just need to makes sure to watch the news, but I think 1.50-1.60 this thing could rocket off into the $3-$5 afterwards
Euronav NV $EURN is holding$EURN is holding above fib 0.618. RSI is below 50 which is not a good signal to be bullish. Needs to get above both SMA50 and RSI 50 to be bullish.
EQT Corp $EQTAfter rally from $5, it is consolidating now and loosing its power. $12.76 and $11.40 are the supports
If you believe my charts are helpful, please just "like"
Marathon Oil Possibly Long SoonI want it to break above into that blue line and re test it. Which is a demand zone typically for Marathon Oil.
Short Whiting Petroleum SoonReasons to short soon.
#1: they filed for bankruptcy
#2: earnings coming up with 100% won't be good
#3: going up WAY too fast absolutely not sustainable for a full bull run to break and highs or necklines.
Of course wait till it confirms the downtrend by breaking under previous high on the bull run.
WTI - OIL ANALYSES
Oil prices are as shown below :
Peaked at 1 July 2008 -147 $ plummeted to 35 $
Peaked at 1 July 2014 -107 $ plummeted to 28 $
Peaked at 1 July 2018 - 77 $ plummeted to 21 $ (You can see this in my profile exactly predicted in September 2019 as of 21 $)
Will Peak at 1 July 2020 -60 $ will plummeted to 9.71 $
So until July 1 2020 May be long after badly short.
YPF Sociedad Anonima $YPFEven though it is above 20SMA , couldn't break the resistance and most likely will go down to support 1 or support 2.
OilGood chance at firing long here for a potential long term position trade. Wonder how many stops can get hunted on a false break to the down side.
$3.57 bottom for HuskyHusky Energy is on the final wave 5 of it's greater wave C correction which may see a potential bottom of $3.57 in the coming months.
Canadian Oil/Gas Stocks Holding Strong Above Previous Road BlockEnding the week above the 200 day moving average could signal the all clear for Canadian energy stocks to finally begin rallying in earnest.
Reabold Resources - Price about to head upstreamBuy Reabold Resources (RBD.L)
Reabold Resources PLC is a United Kingdom-based investment holding company. The Company is focused on investing in upstream oil & gas projects. The Company’s projects include Reabold California, Wick UK, Oulton UK, Parta Romania, and Colter UK. Reabold California, which include monroe swell redevelopment, monroe swell drilling, west brentwood, and grizzly island.
Market Cap: £60.5Million
Reabold shares have corrected lower in recent weeks and support seems to have been found close to an unfilled gap at 0.846p. Volumes have picked up in recent sessions and the shares are breaking above downtrend resistance. Looks like it could be an interesting play from here.
Stop: 0.75p
Target: 1.0p
Target 2: 1.25p
Target 3: 2.0p
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VLO: oil & gas stocks enjoying strength from rising oil pricesOil and gas stocks are enjoying stronger price action as the commodity crude oil rises in price. VLO has a first attempt to breakout to the upside. Volume is strong and indicators are positive.
