My chart for
2222
a major 2019 IPO late in the year
Enjoy
I am not trading this, just observing the fallout in the kingdom and middle east in general as a 2t valuation begins to sink over time.... The channel is downward; even if we make it back to the top I would likely expect heavy selling when we get there.
Manage your own risk
GL HF
XOXO
Snoop
Enjoy
I am not trading this, just observing the fallout in the kingdom and middle east in general as a 2t valuation begins to sink over time.... The channel is downward; even if we make it back to the top I would likely expect heavy selling when we get there.
Manage your own risk
GL HF
XOXO
Snoop
Comment:
below IPO; our short suggestion is working already?
Comment:
Channel breakout up?
Comment:
‘Peace with iran’ could boost the ‘security’ outlook for saudis
Comment:
Because of all the ‘analysis’ it is possible that the heavy retail trading that has encompassed Saudi aramco’s ipo could have had longs with stops just below IPO; banks / institutions sell some at the 2 trillion mkt cap; push it down below the 1.6 initial valuation to ‘stop hunt’ retail who took the ‘research’ as fact & now the institutions will push it up back to 2t? Not sure but this is been very interesting to observe!
Comment:
Interesting;
so the overall sell idea has worked so far. Now the saudis announce they are cutting output by 1 m barrels per day
I wonder if there will be more and more correlation with poor saudi aramco performance and more output cuts.
so the overall sell idea has worked so far. Now the saudis announce they are cutting output by 1 m barrels per day
I wonder if there will be more and more correlation with poor saudi aramco performance and more output cuts.
Comment:
oil prices getting beaten down... cuts the % profit on each barrel sold... and reserves are piling up without china demand!
oil prices getting beaten down... cuts the % profit on each barrel sold... and reserves are piling up without china demand!
If there is a lack of supply for oil that meets the new standards then the price of oil could increase helping oil producers who have adjusted their tech. I don’t know about the Saudi’s refineries but perhaps after the drone attack this year they were able to replace destroyed tech with better tech if they hadn’t already.
Just some thoughts for this observation
Much love
Snoop