NGLPull Back Trading
Price above the cloud ( bullish )
Above 200MA ( bullish )
Buy $13.05
Take Profit: 14.83 R=2
Stop Loss: $12.16
Thank You
All comments are welcome
NGL trade ideas
Shark or Cypher ? PLEASE NOTE: These are solely my own ideas, and certainly not "generally accepted", lol.
These are some thoughts on how to deal with distinguishing PRZs for the similarities
in Cypher and Shark harmonics. Both are viable, but the range of XD retracements
always (at least for me) raises questions. From .786 to 1.13 can be a rather large area.
This illustration provides some thoughts I have regarding these. I present this as
something to think about. Perhaps you may find some benefit here, or it may
bring to mind some offshoot that works for you.
Please feel free to comment with any thoughts/suggestions you may have
along these lines. :o)
NGL CEO buying at 11.5I like the way the chart looks. The upside might be even greater than the RR I charted.
tread your path
Long NGL on channel breakout Long NGL as today it has finally broken to the upside of its recent daily channel downtrend. Price target of 20. Stop at 17.50. If you follow my 10000 USD base account recommendations I advise taking a 100 share position.
Long NGL Energy at spot, Bullish CrabSuch a nice Bullish Crab it has formed over the past few years.
Long price target 1, $21, target 2, $31.
NGL Bullish Swing Ride to 11.84Due to recent energy sector bullishness I think NGL has the potential to hit a target of 10.84 and maybe even 11.84.
I have setup a limit-buy at 7.93 with a stop at the low of the day $7.52. The Targets 11.84 and 10.84 have reward:risk ratios of 9:1 and 7:1, respectively. This trade needs to work before April 17th. I will also exit this position if a long upper wick forms on the 50 EMA (green line) at the end of the day.
NOTE*** I have been trading NGL for a while and it has been trading in correlation to crude for a while until recently. I think recent analyst downgrades have weighed down the stock price. Also energy bulls are hoping for an output freeze on April 17 but Crude Producers are looking to freeze output at January 2016 levels which is still balls to the wall. In short, this freeze might have little to no support for the American energy sector
