$EC Long-term HoldThis is a long-term hold asset for me but added a bigger position for a shorter-term trade targeting the gap.. timeline is whatever. I like the stock and market cap for the performance and dividends.
EC/N trade ideas
Ecopetrol runs for dividend dateDisconting the bad beguining for the colombian market caused for the present President of Colombia, I think in this moment de main company of the country, "Ecopetrol" $EC is supporting in the short term by tecnical and fundamental issues. Fundamental view is product of the great result of 2022 FY and its consecuen big dividend, around 30% at current price. By the technical side, the today close price permits conclude that 61,8% fibonacci retracement (last bull leg) is supporting the idea for bullish future that maybe will go to the gap´s area of 13.55 that overlaps the 200 daily MA. Other items are the horizontal resisitnce area 10.60 (red line) and the proyection of an equal leg regard previus bullish swing(white arrow).
RSI near 50 and MACD at the positive side and going up...
Target price
Min. 13.55
Max. 14.40
$EC Ecopetrol is going to double in 1 Year TimeBoom Boom. Thats what you need to know. Buy Fear. The chart arcs line up. Goes over 10 years back to more recent ones. Its go time. Inflection Point right now.
Ecopetrol possible SHORTEcopetrol will limite his exploration and production cause "Energetic Transition".
Ecopetrol - Weekly potential pullback to $USD 1300 areaStrong demand area @ 1300 USD that could be potentially retested if down trend and sell-off continues
fake out breakout past trend resistance recentlyEC breaking back below trend resistance, if it can break back above my targets 19.90, but a break below 15.46 local support and we see a dump to trend support
I am pretty bearish here unless we break back above the extreme trend resistance
EC May 2018 to October 2019Identifying continuation patterns and trend changes from May 2018 to October 2019
ECopetrol LongTP: 19.43
SL: 12.24
R/R: 1to8
With Brent Oil prices between US60 and US70, demand growing as economy reopens and goes back to 'normal', this company will easily be above US19.
Buy $EC - NRPicks 28 MarEcopetrol S.A. operates as an integrated oil and gas company. The company operates through Exploration and Production; Transportation and Logistics; refining, petrochemical and biofuel segments. It is engaged in the exploration, production and sale of oil and gas. It also transports and distributes hydrocarbons and by-products.
An oil giant in Colombia that despite a decline in its income and profits during 2020, is estimated to increase its profits from 228% by 2021 as the global economy is re-opened.
$EC has just announced its plan to achieve zero carbon emissions by 2050, reducing direct and indirect emissions from energy purchases by 25%, and reducing total emissions associated with the value chain by 50%.
- Revenue 14B
- EBITDA 2020 4.54B
- P/S 1.69
- Dividend Yield 7.01%
Technical:
- Uptrend
- Potential focus on the Energy sector
- Average RSI levels
- Price 10% above MA50
- Possible Breakout at $14
EC Looking like an Oil Sector BuyConsolidating, could see $13-$15 on breakout, with chance for higher.
Ecopetrol S.A. announces the prepayment of its local and internaEC: Ecopetrol S.A.
2020-09-14 21:55:00
Ecopetrol S.A. announces the prepayment of its local and international short-term financing contracts
Stock EC SeasonalityStock EC seasonality starts to Buy date on January 22 and ends Sell date on April 7
Percent Profitable is 81.82% in 11 years and an average return of 10.60% per year
Ecopetrol in a congestion zone Not so clear.The Stock is moving in a high volume to price zone which doesn´t allow to find a good risk/benefit ratio at this moment. A break above $3100 might suggest the possibility of higher prices
EC: Long opportunityAn intraday high potential, Back Tested Long Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
EC, win with a little fear in my soulWrite sometning about your psyhology thinking before trade? I am ok and prepare to trade. Because I calculate the positive januar the year should be up and because of that I became bullish.
Describe the trade. What you see? This is a ascenditng triangle and the price will go throug resistance and advance substatialy
What have I done well for this trade? enter point accoerding to rules for ascending triangle
What can I take away to help with later trades? try to stay in the stock more time dont be so afraid, I sold a little bit too early (red cross)
EC-BREAKOUT-WAVE 3 ExtensionEC broke out today.
We are seeing an extending 3rd Wave.
Update to related idea.
-AB
