VNOM trade ideas
My two favorite OIL plays ... VNOM (position of 65EMA) and EC (looking for breakout from downwards trading trendline) are my two favorite Oil plays.. watch them!
VNOM in Buy ZoneVNOM is in my buy zone. Waiting for a basing pattern on the 1H like completion of the DB on the 1H before long entry.
VNOM setting up for new test of highs.If oil stays strong VNOM may make another run at the April 5th high and a break of that level could send it up to the 30s.
Trend continuationThis company beat the earning by 23.33% and have an estimate for the 2018 year 32% growth follow by a nice consolidation and basically sitting in the trend support ready to blast up to the upside tight Stop on the 22.50 and the target will be 25.50 you can sell half of the position and then let the trend do its job with a trail stop.
Interesting move above LT resistanceNot confirmed but interesting move from independent E&P energy company. Could be moving ahead of the group, could be nice long with stop at support near 21.
