LONG EEEE has established an uptrend since February 2024. On the way up price action bounced multiple times off of 50 SMA. the price couldn't break above $20, failing clearly 3 times so far. Nevertheless it found support in the area that was once resistance ($17.50-18) and it seems a good area for accumulation. After the confirmation with the pin bar that the trend could be continuing short term a trade could be taken at the bottom of the range with an upside potential of 8-10%. Stop loss below the bullish pin bar and take profit just below the top of the range
EE trade ideas
H&S on the Only Pure-Play FSRU StockWe all have been hearing about the great European floating natural gas trade of the Winter of 2022. Politicians, pundits, intellectuals, academics, influencers... everyone has something to say about it. Well, you know what they say: if everyone is talking about a trade, the opposite might occur. A number of catalysts have reversed people's expectations. European natural gas and electricity prices are crashing as a price caps have been imposed and as gas storage levels remain high. Apparently FLNG terminals are being turned away from Europe's import hubs. So... this trade has probably peaked already.
EE set itself up for a beautiful base breakout and retest, but appears to have formed a daily downtrend at $28.40 after rejecting from the all time high of $31, forming a Head and Shoulders Pattern with a neckline at $25.10. There is a possible Bear Flag being sandwiched in between the 50 Exponential Moving Average, downtrending resistence reaching the neckline, and a support line going back to the stock's all time lows six months ago. There is also a double bottom at the neckline-- if it breaks then the target could be around the previous strong demand zone at $22.50.
Excelerate Energy $EE still holdingNYSE:EE is a company that provides liquefied natural gas and energy solutions in Texas, USA. They recently signed a FSRU (Floating Storage Regasification Unit) Charter Agreement with Gasgrid Finland to provide "energy security and supply diversification to Finland while also serving more broadly the needs of the Baltic Sea region".
I bought an initial position at the breakout from a "low cheat", it had a good follow through but then the outside bar erased it.
Now I just tightened my stop below the $28.75 zone because the selling has been in light volume and its a good resistance line.
If the price makes a new high above $31 I'll be buying it. For now I'll wait.
EE Ideasthis could be a head and shoulders, although we dont know what is next because EE is in talks about a buyout... I am keeping an eye on this one but I will also most likely stay out of it ... myrule is no drama , this stock could be shaken up in both dirrections , so lets be safe
what are your thoughts??
El Paso Electric a flight to safety tradeSource Businesswire
El Paso Electric Company (the Company or EPE) EE, +0.24% today announced the release of its request for proposal (RFP) for an advanced metering infrastructure (AMI or smart meter) and meter data management system (MDMS) to evaluate the best options available to provide a modern, customer-centric solution that will improve customer service and reliability, provide better customer programs and services, and spur greater sustainability and regional economic development.
“We must provide our customers with services that can give them more information and control of their energy usage, enhanced energy management tools, and improved reliability and efficiency,” said Adrian J. Rodriguez, interim CEO of El Paso Electric. “A major component of any smart community initiative is smart metering technology which is the necessary foundation for a more sustainable environment and ensuring that our region is not left behind in an increasingly global economy. We look forward to partnering with our customers including: regional municipalities, businesses, utilities and educational institutions on this important initiative.”
EPE is embarking upon the process of evaluating an AMI-MDMS solution to provide EPE customers with additional tools, programs, and opportunities to manage and monitor their electric consumption and to provide EPE with greater operational efficiencies while improving electric service reliability and resiliency for its customers.
The AMI-MDMS solution is expected to address key EPE utility needs including:
Empowering customers to control their bills through more frequent and timely electric usage information;
Improving the accuracy of customer outage data thus enabling faster outage restoration;
Improving EPE’s distribution system reliability; and
Building a foundation for future Smart Grid and Smart City technologies.
The Notification of Intent to Bid is due November 1, 2019, and a bidder will be selected by April 9, 2020. Any procurement resulting from this RFP is subject to regulatory approval.
For more information, visit www.epelectric.com
About El Paso Electric
El Paso Electric is a regional electric utility providing generation, transmission and distribution service to approximately 428,000 retail and wholesale customers in a 10,000 square mile area of the Rio Grande valley in west Texas and southern New Mexico.
Company profile
El Paso Electric Co. engages in the generation, transmission, and distribution of electricity in West Texas and southern New Mexico. Its energy sources consist of nuclear fuel, natural gas, coal, wind turbines, and purchased power. The company's electrical generating facilities include Palo Verde Station, Newman Power Station, Rio Grande Power Station, Four Corners Station, Copper Power Station, and Wind Ranch. It serves residential, commercial, industrial, public authority and wholesale customers in El Paso, Texas and Las Cruces, New Mexico. The company was founded on August 30, 1901 and is headquartered in El Paso, TX.