ONK trade ideas
$OKE ONEOK Inc On Breakout Watch
Potential long entry on break above trendline @ $31
Upside Target to previous resistance $35.00
Bounce off of support level possible here. Support level appears to have reversed the decline in OKE today. Believe a long trade can be initiated here.
NOV-0.35*OKE $OKE (Oneok Inc) vs. $NOV (National-Oilwell) Quantamental Tools for Proprietary and Retail Investors.
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Long 100 $NOV
Short 35 $OKE
ABC Bullish...and Winter is Coming (o:Natural gas has been a bit risky. Fat dividend of over 13% but read a cut is coming (payout ratio 195%) but has grown over 18% in 10 years. I would imagine even with a cut the dividend would be substantial. OKE seems to be tap dancing on support right now
I have been in this one since the bottom for the dividend and it is still not far from it's bottom comparitively. Not volatile but does creep down Sometimes it creeps up but not a lot
Not sure how much further it can creep down. When it gets to that big gap down that is overhead, well, if it gets there..Hard R will most likely be an issue unless there is a miracle in sector rotation..and winter is coming (o: I loved GOT (Game of Thrones)
NV is high. Oversold. Short interest is low
This stock is not in a currently hot sector. I think it would be more of a contrarian type stock
Stop under C. Stock needs to break the trendline of the BC leg in a clear uptrend which it has not done yet. It is hard to guesstimate breakout of an ABC pattern before it breaks the trendline/so I admit it..I guessed. When it does break it, it is much easier to pinpoint.
This company does a lot more than store natural gas and Winter is coming (o:
Not a recommendation
ONEOK, Inc., together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions. It also gathers, treats, fractionates, and transports natural gas liquids (NGL), as well as stores, markets, and distributes NGL products. The company owns NGL gathering and distribution pipelines in Oklahoma, Kansas, Texas, New Mexico, Montana, North Dakota, Wyoming, and Colorado; terminal and storage facilities in Missouri, Nebraska, Iowa, and Illinois; and NGL distribution and refined petroleum products pipelines in Kansas, Missouri, Nebraska, Iowa, Illinois, and Indiana, as well as owns and operates truck- and rail-loading, and -unloading facilities that interconnect with its NGL fractionation and pipeline assets. In addition, it operates regulated interstate and intrastate natural gas transmission pipelines and natural gas storage facilities. Further, the company owns and operates a parking garage in downtown Tulsa, Oklahoma; and leases excess office space to others. It serves integrated and independent exploration and production companies; NGL and natural gas gathering and processing companies; crude oil and natural gas production companies; propane distributors; ethanol producers; and petrochemical, refining, and NGL marketing companies, as well as natural gas distribution companies, electric-generation facilities, industrial companies, municipalities, producers, processors, and marketing companies. The company was founded in 1906 and is headquartered in Tulsa, Oklahoma.
Oke longhave dividend news coming up and earnings to give insight for rest of the year outlook
short pt 31.11 for quick trade
medium pt 34.67 for resistance
long pt 40.12 for retest of recent up channel and close gap
ONEOK $OKE "Huge Volume"Even though it dropped by %3.51 on last Friday, there was huge volume in green and found a support at 50SMA which is a good sign to bounce back. RSI went below 50 though but it may uniform and back above.
12 months Consensus Price Target: $48.8
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Please don't trade according to the ideas, rely on your own knowledge.
Thx
May raise and fall Earnings will be interesting to watch. If it raises on earnings, then fall back to 65 ...
ONEOK, Inc. (OKE) - Swing Trade IdeaONEOK, Inc. (OKE) – watch for a break out of the ascending triangle at 72.6.
OKE, ONEOK Inc. - Breakout on Cup & HandleNYSE:OKE
Double confirmation of the breakout of the resistance. The Risk Reward is also very good because statistically a trade of this kind is good 4 times out of 10, and when it is good we can statistically have at least 3 times the profit when we lose on the capital allocated.
finance.yahoo.com
www.oneok.com
ONEOK Inc - Double top formingIn my opinion a good short with tight stops with trailing feature can give a good probability of a profitable trade.
Looking for potential trades to enter $OKEI am looking for potential trades to enter MA wise. But in this case the MA's aren't perfect, but in my option the bullflag looks really nice. @experts: Is this a good trade to enter or should TA + MA be perfect to join?
OKE swing trade? If this gap above 51.18 you could see a repeat from the last trip down.. It's almost identical. You could swing this to the 100 MA.. It needs to gap up and above 51.18 to trigger a strong move. One to watch at the open. Place it on your watch list.
