Beautiful WedgeDescending wedge that almost touches 200ma before popping today. With an almost 10% div to boot!
SJT trade ideas
SJT ideaPrice broke out of long time resistance area, made new highs and consolidated for a few days, From here we can see just another push higher, or a retest of the resistance as support (ideal, better R:R
Uptrend promisingWell, well, well. This one is doing much better here this year. Promising. Pricing being affected by the cost of oil/gas?
As inflation takes off, I think this one will too.
Nice upward channel here, lots of upward movement, only being affected by dividends (expected) and earnings at this point that it has shrugged off quickly.
Will be interesting to watch where this one goes.
What do you think?
San Juan Basin #Royalty #Trust ($SJT) #Dividends Extremely undervalued royalty trust (MC ~ $100 million) which has a dividend yield of almost 12% p.a!
Buy signals @ 1W TF (also confirmed by 1M TF)
- RSI hit 23 and is bouncing upwards
- MFI@8
- StockRSI slowly turning bullish
- MACD will cross bullish soon
- Bullish W-pattern in MACD histogram
- WaveTrend oscillator generated a buy signal!
Heavy Entry between $2.12 - 2.35
TP1 @ 3.98
TP2 @ 5.33
I´m not a financial adviser. For educational purpose only!
review my chart for SJTNYSE:SJT i think it broke the resistance $6,98 and heading up. my exit is at 7.30 or 8
