Description
⋅ MLPA price action suggests midstream energy MLPs may be developing a new uptrend.
Comment
⋅ Squeezing up to resistance at $44 (3/1/2023)
Comment
⋅ Hit $44-ish for fourth time in 13 months... still squeezing (7/20/2023)
Trade active
⋅ New 52-week high as price closes in on $45
Trade active
⋅ Resistance level broken.
Next likely resistance level between $48-$50.
Comment
⋅ Beyond $50, next resistance level at $60-$63.
Trade active
⋅ $46 broken
Yield is still over 7.5%
Order cancelled
⋅ Broke Below Trend
Looks to retest $43-$44