lukelehepuu

PAGP LONG OR SHORT ON BREAKOUT

NYSE:PAGP   PLAINS GP HLDGS L P
Ticker: PAGP            
Direction: LONG OR SHORT
Entry Price: NA
Current Price: 9.15

Description of Chart:
So this is an interesting opportunity, at the moment we are in the middle of a little channel that is leaning toward the upside. You could possibly enter long now, and ride it up to 10.62 (potential resistance), or you could wait for a break above 10.62 and buy it then. Alternatively you could short now waiting for a break of the central blue line down to 7.31. Or again, you could wait for a break of 7.31 and sell then. I am leaning more towards the downside as I don't like the economic growth outlook for the next few years.

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Website: http://www.lukelehepuu.com
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PAGP IDEA
lukelehepuu about PAGP 6 months ago
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