Current Market Situation:
The S&P/TSX Composite Index closed slightly above 24,050 on Friday, marking a 0.7% weekly gain and continuing its record-breaking trend.
Driving Factors:
Weak GDP data for August pointed to economic stagnation, reinforcing expectations of a dovish stance from the Bank of Canada, which improved market sentiment.
Gains in energy and...
XNGUSD is still in oversold and undervalued territory as demand may be mitigated
by anticipation of milder weather and supplies seem to be more than adequate. XNGUSD
may move higher if either of those factors changes. The chart shows price about 15% above
support and about 60% below heavy resistance. The RSI indicator shows the faster RSI line
above the 50...
Exxon Mobil (XOM) has been on a tremendous since the January 18 bottom and even more so since the start of this month (March). We are about to form a Golden Cross on the 1D time-frame and last time this pattern emerged (September 20 2023), the market top was formed a week after.
In fact all Tops since November 2022 where formed on a Higher High sequence,...
UEC in the past several days has put in a double and bottom appears to be gaining bullish
momentum based on the trend angle from today. The volatility indicator triggered buying
price pressure five days ago as shown on the indicator and encirled. the volatility of yesterday
and today may be shorts covering to close synergized with new buyers. The uranium...
We are currently in an uptrend with the 200 green ma line slooping up and the price beeing above it.
We hit a support that has previously been resisistance with multiple tops in the past.
From this support we have had positive uptrend bullish candles.
Now we set stoploss under the last bottom and go for a 1/1 ratio stoploss and take profit.
FCEL a penny alternative energy stock is at a near-term bottom sitting at the POC line
of the volume profile and a standard deviation below the intermediate-term mean VWAP
about a month out from a good earnings beat. Given the current administrations unwavering
support for green enerby sometimes with grants subsidies and other hand- outs I see FCEL
as...
UROY topped out as shown by my other ideas. Profits are redeployed into it in a short trade
to play the volatility. Expect 10% in 1-3 days. Text box comments are on the chart. The
volatility is increased;the uranium sector is hot ( no pun here) given the climate warming and t
the ongoing debates on fossil fuels and government initiatives supporting green...
The Exxon Mobil Corporation (XOM) is again testing Support 1 (97.85), which is holding since the March 13 2023 Low but on a bearish note as it recently broke below the October 2020 Higher Lows trend-line (was the long-term Support) and remains below the 1W MA50 (blue trend-line) for the 12th week in a row.
This is obviously a long-term analysis on the 1W...
Cup and Handle seems to now be forming on Renergen.
It seems like there is a change in the wind for the stock as last year we predicted a big crash which struck at R9.33.
And This time around, we're seeing a Cup and Handle form.
It's not exactly there yet and we do need a break above the brim. But when it does so, we will see the price go above 200MA and...
ERX as shown on the daily chart shows a VWAP band breakout into the mean VWAP
from the lower VWAP lines coupled with a rising momentum on the PMO targeting
72 as the YTD pivot high. Given this is a leverage play in the supertrend shift in a
major sector I see this as a low risk moderate reward potential type of trade
I will take this trade long expecting...
HAL being part of the energy/ oil sector has been down lately but after all in keeping
with the concept of buying low and selling high, it may be at a buying point. Here in the 4H
chart, I have set up two long term anchored VWAPs one at the swing pivot high a year ago
and another at a swing pivot low last October. As a result the chart has zones between the...
Average analyst target for Exxon s higher at $127.79. Traders who want to take advantage of this may wait to enter the trade near far value of $83.64. Oil prices hare being negatively impacted by the current economic environment and there could be some near term downside ahead of greater summer demand.
Those looking to invest should know that the longer term...
Looking at the ET Energy Transfer options chain, i would buy the $13 strike price Calls with
2023-4-21 expiration date for about
$0.80 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Based on Monthly parallel channel, we have major resistance around 90$ with double top likely at 93$. Easy pullback likely to 80$ from current extended levels.
SL : Confirmation above the monthly channel
Target : 80$
With an overlapping wave structure since its inception, Marathon has seemingly finished Wave 3 of its apparent diagonal wave. With Wave 3 being longer than Wave 1, it should also be expected for Wave 4 to be longer in price length than Wave 2. This makes it very probable for share price to see a 50% shave over the next couple-few years. A drop below the yellow...
Legendary investor Warren Buffet is pouring billions of dollars into Occidental Petroleum Corporation ! when it rejected heavily from strong and valid down trend line ! why ?
Please note Buffett is a long term investor not a trader !. US market has been in a Bull run in large time frames (Yearly or Monthly) since 1932 therefore, any long term investor who...
If you haven`t bought CEI at $0.59, before it went to $4.85:
Then considering the volume and the fundamentals ( the institutional investor which purchased 10,544 shares of newly designated convertible preferred stock for a purchase price of $100,000,000), you should know that my price targets for CEI are $2.05 and $3.40.
Looking forward to read your opinion about it.
