Get started
Amplify Energy Corp.Amplify Energy Corp.Amplify Energy Corp.

Amplify Energy Corp.

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Options

AMPY trade ideas

New Secular Bull Market in OilInitial purchase price 59,600 shares at 1.60 January 8th 2021. After the oil markets imploded during the Covid panic and went negative for the first time in history the market consolidated and formed a bottom which created an opportunity to buy production companies which move first and fastest in a recovery. Russia and Opec have worked together to curb production, really curb it instead of bull shit like normal and lack of investment in the sector has seen a dramatic decrease in US production. Setting up a potential multi-year bull market. The sector is still hated and underinvested in. Initial phase of the recover, continue building position.
NYSE:AMPYLong
by jmyers1165
1
AMPLIFY ENERGY CORPNYSE:AMPY Hey, traders. Yesterday in the last minutes, the SPY gave up and failed to consolidate above 313.1. It means that shorts can work well today. Nevertheless, I have chosen both shorts and longs for today's trades. The first paper for the AMPY short. What's on a chart: 1. Strong mirror level 1.5. 2. The level is reinforced by a round number. 3. Sold all growth. 4. The pressure is formed with an accumulation of position. Safe scenario: Entering the shorts after the breakout and fixing under the level. Protective stop order is placed above the level. Aggressive scenario: Without waiting for the price to fix we place a Sell Stop order in advance and wait for the break-down. We place the security SL order above the level. Perhaps the first SL will be triggered, we will need to enter the position again after the first false breakout.
NYSE:AMPYShort
by AllexMl