HaseebKhan_90

$VIST ready to push higher?

Long
NYSE:VIST   Vista Energy S.A.B. de C.V
Notes/Thoughts:
* Strong up trend in the recent years
* Okay earnings with growth expectation
* Closed just above resistance of $9.07
* During the consolidation from March 23, 2022 the volume was decreasing; now it's increasing and back above the average
* A high Relative Strength along with the high UD Ratio shows this may be ready to move higher.

Technicals:
* Sector: Energy - Oil & Gas E&P
* Relative Strength vs. Sector: 1.79
* Relative Strength vs. SP500: 11.04
* U/D Ratio: 1.68
* Base Depth: 21.26%
* Distance from breakout buy point: 0.11%
* Volume 6.71% above its 15 day average.

Trade Idea:
* You can enter now as the price is just above the broken resistance
* The entry now is providing a good risk/reward ratio
* Manage risk according to your tolerance
Comment: If you missed the initial entry, $VIST printed a Pocket Pivot yesterday that you may be able to still play.

DYDD, manage risk accordingly.

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