coolingla
Long

Possible GEO formation, wait for pull back before long

NYSE:CEQP   CRESTWOOD EQUITY PARTNERS LP
31 1 1
This is my attempt to learn GEO             formation from 4xForecaster, he is the Man!

CEQP is highly undervalued from a fundamental prospective, however, the overall market condition is not helping. Some legal issues are supposed to be sorted out in 2 weeks. By that time, the market could be in a very bad mood.

The 3/31/2016 deadline past and many buyers got disappointed. In the next 2 weeks CEQP will likely pull back to $9.50 support area and possibly even lower. A perfect buy and hold stock anywhere below $10.
I didn't wait until it retraced to $9s to jumped in. After careful analyzing the chart, I concluded it's under careful accumulation. Entered most positions between $10 and $11.

Sold all of my position between $17.60 and $19.20. Still a bargain for long term investors but no longer among the very best deals in the market. Will re-enter if it retraces back to $15 (very likely in the next 2 months).

Target in 12 months: $25-$30.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out