CNX trade ideas
Nice divergence to upside on CNX bought someCNX has this third bottom in place but MACD has diverged up, and prices moving up form the bottom. Options are few and far between as is common with lower priced stocks. Bought the stock 500 @ $7.14. Gonna see how this pans out, MACD says price should be at $7.42 or so. If we get close to $7.40 we'll sell.
$CNX HIGHLY UNUSUAL OPTION ACTIVITY IN CNX RESOURCES.*****KEEP ON STRONG WATCH, OPTIONS TRADERS MUST HAVE HIGH CONFIDENCE TO PLACE SUCH A TRADE*****
AVERAGE ANALYSTS PRICE TARGET $13.50
AVERAGE ANALYSTS RECOMMENDATION HOLD
COMPANY PROFILE
CNX Resources Corp. is an oil and gas company, which engages in the exploration, development, production, gathering, processing and acquisition of natural gas properties in the Appalachian Basin. The firm operates through the following segments: Marcellus Shale, Coalbed Methane, Utica and Other Gas. The The company was founded in 1864 and is headquartered in Canonsburg, PA.
CNX 10% short opportunity 9.00 ahead as triangle shows and our golden 0.618 area making me thinking well see another leg down here to 9.00 area. only short on the down break as always ..... never financial advice
$CNX buying at support here. Einhorn & Gabelli play$CNX has been pummeled down 40% in two weeks after earnings and we are given a low risk long entry here at trend line support. $CNX has no insider sales in over a year and is owned by many smart investors such as David Einhorn, Ray Dalio, Isreal Englander, Mario Gabelli and Southeastern Asset Management. I suspect we see these investors start to rattle the cage to unlock value at this nat gas and coal powerhouse. I am a buyer under $10.
$CNX pushing higher out of bullish falling wedge$CNX has been strangely immune to the recent selloff which may foretell bullish news on the horizon. Strong nat gas prices now a tailwind and looks headed higher. Long
CNX tradeHello all. Another CNX oppurtuinty for those of you who missed the first one. The weekly TF pulse has fired long again. Possible entries are
1. at 21 EMA (half a position)
2. at previous highs (around 15.9 - 16)
SL can be set below previous lows at around 13.
Regards
CNX Long WatchBreaking downtrend, over the 20/50-MA. Watching for continued strength and break of consolidation out of the massive rounded bottom.
CNX- forming Double top, get ready for ShortWith heavy insider selling & formation of Double top, CNX looks very good SHORT opportunity.
We are looking to get in current price around 13.5 with a Target of 9
On the Option side buy Jul16, 12 Put at $0.62 is very good with huge volume
for longer term looking for Oct16, 11 Put currently trading at $1.25
CNX stock pending setupI see an opurtunity for loading in CNX since it has obviousl started its pullback. I broke the trendline and it is facing several supports (50 and 200 SMA and two previous highs). Each of them should be considered as long entry point.
Regards
CNX Long above $8.70 closing basisCNX Recent $7.00 call options with $1.50 strike price
20MA crossing 50MA, Double bottom formation
$12.00 potential by March if trend continues, $16 potential year end
Stop loss $7.50 closing basis
YET ANOTHER "TOTALLY HAMMERED" COVERED CALL -- CNXCNX has been totally hammered and with an IVR of 100 and an IV of 119, I can't resist a play.
100 Shares CNX at 6.61
1 Jan 15 7 short call
Total Package: 6.00 debit ($600)
Max Profit: (If Called Away at 7 -- $100, excluding fees/commissions).
