ET trade ideas
$ET - flat base pattern $ET looks text book flat base, uptrend was 30% and base is at least 5 wk long (10 wk here). Conservative profit target for swing trade, $9
ET Technical Analysis 🧙Energy Transfer owns a large platform of crude oil, natural gas, and natural gas liquid assets primarily in Texas and the U.S. midcontinent region. Its pipeline network transports about 22 trillion British thermal unit per day of natural gas and 4.3 million barrels per day of crude oil. It also has gathering and processing facilities, one of the largest fractionation facilities in the U.S., and fuel distribution. Energy Transfer also owns the Lake Charles gas liquefaction facility, which it plans to convert into one of the largest LNG export facilities. It combined its publicly traded limited and general partnerships in October 2018.
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ET at support of upper trend channelET at support of upper trend channel, may reverse and make its way to resistance soon
ET has free cashflowEt free cashflow turned positive last earnings in a big way. Let's see how if they continue on the trend on Feb 24, 2021
Energy Transfer ABC patternDownward trend is clear. So far ABC complete, were either goin to break the downward line, or do a D and come back down to complete E.
#ET : disliked child#ET is one of many US midstream companies.
It's rather undervalued by P/S 0.32 and P/B 0.80. Not a rocket with Beta 1.10, but good enough.
There might be reasons for that, otherwise this stock would be priced 4-5 times higher.
We'll definitely reach the stars, but this time Target $8.25 and then $10.35 in what now looks like Wave C.
FRESH OUT OF CONSOLIDATIONI pick stocks by technical analysis but then I check the fundamentals of the company!
this one is a pure buy by any measures!
short term, long term, dividend, technical, or fundamental it is a buy..!
ET Post Election ET saw a huge sell of heading into election week.
We held the support level @5.00 multiple times
Rejected twice at @5.60 , heading towards support to retest if support is held @5.0
Ill wait for a setup then go long
Scenario A: @5 holds support and doesn't break we can fill the gap at @5.60 and break resistance
Scenario B: Support level breaks we wait for a breakout retest of the @5 then short
ET at its IPO price and with good wedge formedET had a very bad period with court cases on their Dakota pipeline as well. But the fundamentals dont support such discount. Plus I think that the price and the trend now are good for opening long term long possition. It is at its IPO price, it has been lower only twice and that is in 2009 and this March - the consolidation since then is going to get finished and it hopefully breaks the wedge upside.
Not trading advice. Keep safe.
P.S - I just bought some at 5,49.
$ET Energy Transfer Bullish Into earnings Energy Transfer LP provides natural gas pipeline transportation and transmission services. Its projects include Marcus Hook Industrial Complex, Mariner east Pipelines, Mont Belvieu facility, Lone Star Express Expansion, Bakken Pipeline and Lake Charles LNG. Energy Transfer was founded in September 2002 and is headquartered in Dallas, TX.
$ET - The dividend is confirmed and the yield is massive Institutional investors may have been selling and shorting Energy Transfer. Their mistake can make you a great return quickly.
The dividend has been confirmed providing a massive yield
The tax treatment of domestic energy limited partnerships can provide a massive benefit
This stock is extremely under valued
