VET trade ideas
VET: Ascending Triangle (136PC)Ascending Triangle (136PC)
Pros:
Descending volume during formation
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 26, very high
200MA ascending
Cons:
250RSI below 50
Target:
PT = 18.04$
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Vermilion Energy is also a natural gas companyMany investors seem to be overlooking that Vermilion Energy's production is nearly 50% weighted to natural gas. From Q2 2020, 45% of corporate production was natural gas. Vermilion was suffering from an extensive Eurogas bear market thanks to unprofitable shale production flooding Europe's shores in addition to a warm winter in Europe and Asia. TTF and JKM gas prices collapsed to just about the same as Henry Hub. In addition, until last year, Alberta's AECO (basis for VET's Canadian gas production) was devastated with unfavourable differentials due to challenges on the NGTL system which were solved October 2019. So now we have a return of premium pricing back in Europe on TTF and NBP; in addition to a strong AECO gas market in Canada which has room for improvement. I added ahead of earnings on short positioning as I suspected they would get hammered overlooking fundamentals; however, the actual fundamentals didn't appear because of hedges, so hold onto this until 2021 and beyond. Q1 will be a great quarter for Vermilion Energy.
Massive falling wedgeThis is definitely not the time to buy as its in a major down trend and it seems to be rejecting resistance next earnings is in march, which gives a lot more time for this stock to keep falling, which i am doubtful will change the trajectory of this stock. Even the Iran situation had very little effect. If you have seen my post on oxy, I believe that this is in a similar situation, where it was in a massive falling wedge , so when this goes up there will be massive upside. I plan on buying on the next bounce, then setting a stop loss and adjust it as it approaches resistance. I'm doubtful that a second bounce happens based on how this price action is moving. It's worth to keep this on your watch list.
If there is divergence on the next bounce, I will take the trade. Moreover, I do think by the time this bounces Natural gas and oil will have a bull run.
New blockchain explorer and ledger wallet launched by vechainVeChain (VET) as of late declared the starting of its new official VeChain Block Explorer and VeChain Sync Ledger Wallet Interface. The advancement comes following the unexpected stopping of the current VeForge benefits by Totient Labs, an entity from the VeChain development network.
As far as the new VeChain blockchain wayfarer it is booked to go live before the finish of November, as indicated by the blog entry.
Source: TheCoinRepublic
Vermilion Energy Inc. (VET) - Gartley ReversalVET Gartley on monthly is getting confirmed. Coming rally should be promising around 30% gain. There is also a potential double bottom happening but it is too early to say.
Note, price may (or may not) spend more time at these prices before taking so this trade requires a lot of patience and proper money management. Consider it as long term trade. While holding you may enjoy good dividends ~8% that they pay.
Vermilion Energy inc Long position IdeaHi guys ! I hope you have enjoyed with profits my last ideas which i had posted , now i see a long position signal for Vermilion Energy Inc which is among the dividend companies one of the best and generally one of the best companies of Canada . So After testing 4 supports at the price of 39,8$ now I have the view that it will go long until the price levels of 50$- 50,5$. The ADX that i use is at oversold levels so it has a good momentum to go long in this stock. Also the RSI is above the average price of 40 so it is a good signal to go up to those levels. Have fun guys ! If you like my ideas please follow until the next one good trade!
VET: Turning point?VET looks like it has bottomed two weeks ago exactly at the long-term support of its up trending channel.
Since then, it has rebounded, traded and closed above its SMA200, no later than Friday.
This could be a positive sign for the upcoming earnings on Thursday.
Looking to play a confirmation of the rebound by buying an ATM call on the closest expiry, ahead of the earnings.
Expect an update to this idea during trading day.
VET: Earnings upcoming and cheap volatility deserve a tradeVET has been in an up-trending channel since mid 2017.
Currently trading towards the bottom end of this formation.
Technically looking positive in the short term and mixed in the longer term.
Earnings upcoming this week, with an improving oil environment.
Play the $30-40 range in the following way:
1. Buy ATM Mar 16'18 call and pay $0.80/share
2. This represents some 2.3% of the share price and is quite compelling
3. Await the earnings release on Thursday
4. On good earnings benefit from the long call position
5. On poor earnings, sell the $30 put towards the bottom of the range