GUSH trade ideas
Inverse head and shoulderInverse head and shoulder- breakout here has crazy potential, see the huge gap up from the March sell off above it. May get rejected too.
The Oil industry is weeks away from collapsing. (GUSH)I'm currently short on Oil by shorting GUSH and longing the inverse DRIP. Besides global economic uncertainty, the markets are still showing weakness and not showing any signs of recovery. Also on the 2 day chart, every death cross or green dot shown on my indicators has always resulted in a massive dump.
Short-Term Energy Long Might see a short-term jump here .
Just an idea. This oil pump could reverse in a flash with bad vaccine or lockdown news.
$GUSH Moon: Silly HIGH ROI looms as real possibility in this ETF$GUSH has so much latent potential in a healthy economy and is a top ETF in any energy investor's choices. To call a previous annual high back to reality would bring a rapid gain to all positioned in this ETF which is managed by Paul Brigandi. He basically put a package (assembled) today that *nearly* matched one of the emerging stocks in the oilfield arena: $LBRT. Liberty gained 6+% while $GUSH was +5.8% on the respective entrance points. Liberty provides a certain steady gain in cyclical fashion while the leveraged ETF hedge fund is basically a double BULL horn to the status of a world torn between two exclusive outcomes: COVID hotspots while a vaccine looms in the very near future. $USOIL has had its uncertainty and was fighting 40/bar. resistance for the last several months, But that, too, appears to be coming to its end, and the possibility that crude climbs 45 per barrel before the "holiday season" is still fully within the play.
Good luck whatsoever your plans, but I have shortened my interests to two positions, both mentioned here- LBRT and GUSH.
There is an off-chance of re-entering a position on Halliburton but a 14.2 entrance point isn't exactly enticing - just feeling the pulse of $HAL. As it is.
VIVA GUSH. Liberty may match it growth wise for a while, but GUSH is a leveraged fund that will payout nicely in a bull run for oil..t. Two positions I AM VERY LONG ON, but one chart here, just $GUSH. It's the attractive ETF that is about to re-peak, return, to high levels already realized within the last six-months.
Adios.
BDR.
Note: See related idea from the day this position was first entered.
Previous Highs INDICATE exit-points on $GUSH The chart is fairly self-explanatory. FIB traces seem useless with the volatility on this table.
Two exit points:
1st: 1/3rd position exit
2nd: Full exit
Happy trading and whatnot, I reckon.
BDR
Long to the Square Completion (500% Gain)XOP Minor Wave : sqrt(16^2+16.02^2)
1. Possible End of Down Trend at Previous Thursday Low: sqrt(16^2+16.02^2)*((32.732+.4142+.382)/4) = 190 days (9/25/2020)
2. Possible minor high on next Wednesday: sqrt(16^2+16.02^2)*((33.732+.4142+.382)/4) = 195 days (9/30/2020)
3. The descending wedge pattern is getting tight and it's becoming riskier to short Gush component companies that reflect the same pattern. There is maybe one more decent possible short before a breakout to the upside of the wedge.
XOP Major Wave : sqrt((82^2)+(42.66^2)) = 92.43 Normal Days or 64 Trading Days
1. The Equation Defines Price Range and Time Range of an 8*8 square made up of 64 composite squares.
2. XOP Price can reach 92.43 to complete square.
3. We can use this price to find the possible time frame of the squaring event.
Price-Time mean vector ratio of AB, BC, and CD = 0.333
1. Possible Time to Square Completion: 92.43/0.333 = 278 normal days or 193 trading days.
2. Adding XOP's original price (29.52) and new price (92.43) equals approximately $122, or 2.236 fib price retracement.
3. GUSH's equivalent 2.236 fib price retracement is $134.76; although, I would shoot a couple points lower at around $132.
Other Notes: It's Possible that a very large, half-year long Inverse Head and Shoulders Pattern is forming. In this sense, it's probably more believable and likely that this would put the square completion somewhere around the middle or end of the fourth square in this analysis, instead of where my calculation predicts. If it were to land at the end, this would be exactly 1-year from XOP's all-time-low this last March. Furthermore, to assuage an questions, please bear in mind that the squares in this analysis do not line-up with price because it this analysis is a transcription of XOP data over to a GUSH graph.
This is just an idea and not trading advice. Good luck and good trading!
GUSH may have a bullish week. BUY SET UPthis is a trade idea on GUSH the s&p oil and gas index. This week looks like it MAY be bullish but this index seems to gap often and drop quickly. it appears that the down trend in the long term has worn out but the goal is always to get the pieces out of the market and not overhold trades. the entry and exits are shown on the chart. the risk and reward is nice BUT this is not to be considered long term analysis this is a trade set up and analysis only for this week. all my trade ideas are influenced by the elliot wave principles if you find my charting helpful please follow.
GUSH current supportsGUSH has the potential of falling hard due to it being leveraged. Covid cases are also rising like crazy, yesterday was the day with the highest reported cases, and with the reopening of many states, this could cause another lockdown, which would hurt oil, and cause GUSH to crash. It is also being pushed down by its MA, which would not be hard to break, but it will still cause the stock to fall a little. Overall, I think GUSH may crash to its bottom supports, which will be an amazing spot to pick it up.
If you find my ideas helpful, please give me a like and a follow. Thanks!
$GUSH:NYSE:ARCA - 2 x BULL OIL & GAS ETFGUSH is the bull version of DRIP (the inverse Oil & Gas) ETF. With Oil prices and energy stocks in general taking SUCH a beating this could be worth a look if you think they will go back up at some stage. There might still be some turbulence ahead, but worth a watch. Definitely worth Googling or talking to your broker first as leveraged ETFs can be a bit trickier for a longer term buy and hold just because of how they work. Could be fun to buy a small amount and then put them in a drawer and forget about them for a while. USO is potentially another to look at.
The Direxion Daily S&P Oil & Gas Exp. & Prod. Bull and Bear 2X Shares seek daily investment results, before fees and expenses, of 200%, or 200% of the inverse (or opposite - ie DRIP), of the performance of the S&P Oil & Gas Exploration & Production Select Industry Index
Going LongFound the Market has respected the last support zone.
On the one hour, I found a hammer candlestick.
ON the FIB found the market respected the 50% FIB
Using the RSI we can see the share is undersold.
Our moving average has crossed showing a possible uptrend forming
. AMEX:GUSH
Breakout Bullish Oil ETF GUSH has potential +1000% GainsAMEX:GUSH
GUSH, provides 3x daily exposure to an equal-weighted index of the largest oil and gas exploration and production companies in the US. These leverage funds are designed to move three times the daily change in the underlying index. The EFT has taken a significant beating and poses significant investment risk. The coronavirus and Saudi “price war” have been a perfect storm to drive oil related stocks down. Even as crude oil prices recover it may not be enough for this fund to recover to previous levels.
The So What?:
The projected global demand for oil after COVID-19 assumptions is approximately -9.4%. With some key areas impacted being road fuel down -9.4% and Jet fuel down -31%. The total oil demand in North America for 2020 is forecasted to fall by 2.3 million bpd to 22.6 million bpd, a 9.2% decline from 2019’s 24.9 million bpd. April will see a decline of 30%, with demand falling from 24.6 million bpd to 17.2 million bpd. May will see a decline of 21.5%, with demand falling from 24.6 million bpd to 19.3 million bpd. However, as social distancing guidelines are loosened oil demand volumes are expected to increase gradually in June, July, and August. Ultimately, oil demand levels return to the previous year’s levels by December.
GUSH has lost -94% of its value in the past three months as the COVID pandemic and oil price war has taken its toll. But the dependency the world has on fossil fuels has not changed. As the world returns to some form of normalcy, the demand for oil and gas will increase in stride. I anticipate this ETF will gain approximately 1000% in value by 2020 years end.
The Why?:
Trading volumes for GUSH are occurring at very high levels, showing signs of a stabilized floor established and the current price is positioned in a bullish zone. The potential to seize significant investment gains of +1000%, significantly outweighing any potential risk for me to make on this investment.
I am not a financial advisor. The advice here given is not financial advice even though my excitement might make it look like such. Trade at your own risk and remember nobody can guarantee you results. I conduct analysis and make informed decisions on what I believe is right and at the end of the day, I am just a person, not an expert. Again, this is my belief, a belief of an ordinary man, who just works hard and enjoys the pleasures of swing trading personally.
Darell
GUSH to rise as economies reopenI think people will start buying gas again when they start going back to work. So I think some of these brutally battered oil companies will recover. Diversify with an ETF, it's good practice. I would also check out WTI.
GUSH... It's on the move but to where?1st Published Idea. Would love feedback on this.
This is a chart that has respected the Fib all the way. The price action in the last few days has definitely been bullish but it just ran into a few key resistances, but in the channel and the Fib.
It's likely to see one of a couple of responses...
1. It either dips for a bit (D) to consolidate for a big push toward (E), or
2. It flat lines for a couple of days building momentum for the big push, or
3. the Oil and Energy market as a whole drives this thing over the top and we get to the next Fib level in an even crazier way.
Either way, I'm seeing a 40% return here. Give it a day or two to see where the buy in lies....
Posting to stake claim to an epic run prediction... we shall see.
