Nismo_Pilot

Ferrell Gas

Long
NYSE:FGP   None
FGP has been taking a beating recently after earnings and is in the middle of a turnaround. Chart has recently formed a cup and handle pattern with the handle bouncing back up to support at $2 in the same day with Ichimoku support as well. With the unwinding of midstream operations drawing to a close to focus on core company business and recent push of high growth areas in distribution, FGP looks set to rebound off of recent lows and show bullish tendencies. Earnings on 12-6-18 will give more information as to status of turnaround.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.