GianB
Long

$HES Double Bottom in its trading range. Good upside w/ low risk

NYSE:HES   HESS CORP
44 0 1
For the $HES trade I see a double bottom in its trading range. I like to buy at this area for a long ($67.30) to sell into its upper end of the range (60% at $75.XX and the rest at $78-79). When I compared with /CL futures on a daily I see that $HES is currently oversold and the past 2 times in the past 9 months that it was oversold it would come back to the average of /CL. My stop would be around $66.20 range. I picked this stop because it was a support/resistance couple years back on the weekly chart. What are your thoughts?
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out