NGS trade ideas
Huge Move now Consolidate from NGS Natural Gas ServiceThis ticker is red hot. Can extend up another 10% or so, but it is most likely to consolidate downward for a couple months now.
The long term energy commodities trend remains bullish, so do not fear some short-term bearishness
Natural Gas Services Group, Inc. provides natural gas compression services and equipment to the energy industry in the United States. It fabricates, manufactures, rents, sells, and maintains natural gas compressors and flare systems for oil and natural gas production and plant facilities. The company primarily engages in the rental of compression units that provide small, medium, and large horsepower applications for unconventional oil and natural gas production. As of December 31, 2022, the company had 1,869 natural gas compression units in its rental fleet with 425,340 horsepower. The company also engages in the design, fabrication, and assembly of compressor components into compressor units for rental or sale; engineers and fabricates natural gas compressors; and designs and manufactures a line of reciprocating compressor frames, cylinders, and parts. In addition, it is involved in the design, fabrication, sale, installation, and service of flare stacks and related ignition and control devices for the onshore and offshore incineration of gas compounds, such as hydrogen sulfide, carbon dioxide, natural gas, and liquefied petroleum gases.
Eagle Bulk Shipping Inc. Announces Dividend Policy, Share RepurcEGLE: Eagle Bulk Shipping Inc.
2021-10-04 08:00:00
Eagle Bulk Shipping Inc. Announces Dividend Policy, Share Repurchase Program and a USD 400 million Refinancing
Buying On The RetestWe have a Bullish butterfly here within a range i am very tempted to buy now but would feel more comfortable buying at support so i will be waiting for a retest of the range bottom
$NGS - a bit riskyNGS is on a volume shelf and has a pennant formed.
Its a bit risky when you zoom out and consider the death cross potential.
Manage your risk wisely.
NGS breakout within breakoutTop: Weekly candle chart of NGS
-Breakout of downtrend
-Reclaiming of 200 day* EMA and wedge consolidation occurring above it
Bottom: Daily candle chart of NGS
-Stock finding support at bottom of wedge and 200 day EMA
-Local price support found at upturning 5 day EMA
My expectation is the next move higher will break out of the wedge and give rise to a larger rally given the context of the weekly candle chart breakout, hence the 'breakout within breakout'
*Although I am showing a WEEKLY timeframe on the top chart, I am indeed showing the 200 DAY EMA on BOTH charts
Who Passed The Gas ?winter coming up, Natural Gas spot has already broken out - NGS appears to be lagging, presents a good long opportunity
low liquidity/ low market cap adds to the risk reward balance
The guys on TIP The Investor's Podcast typically have good calls, look at the BBBY returns (from $9.00)
