If you haven`t seen this pattern play out:
Then analyzing the options chain and the chart patterns of ET Energy Transfer prior to the earnings report this week,
I would consider purchasing the 15usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $0.17.
If these options prove to be profitable prior to the earnings...
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.
Goals 8.8, 8.1. Invalidation at 13.7.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that...
ET has a strong trend pattern to break through a yearly gap in coming earnings in a few weeks. I am looking to enter a position at any pullback as long a it holds 7.38, which is the recent weekly low that was put in. The 8 EMA also showed a daily and weekly crossover over the 21 EMA a while back, which is a clear indicator of a trend change. Due to inflation, the...
Consolidation since June 20th.
Call it rounding bottom, inverted multiple/complex head and shoulders or perhaps a cup and handle bottom but the idea is the same - BREAK OUT AFTER MONTHS OF CONSOLIDATION
Entry 7.17
Stop loss 6.55
Take profit 9.38
Adjust position size according to risk appetite
Comments or cheers will be appreciated
I did some technical analysis on the ET chart.
With earnings coming on 02/15/2020, the stock is undervalued and at a good buy point.
Looking at the weekly and monthly chart we see that there was a big downtrend and ET is recovering
This analysis is purely based on price action, support and resistance levels.
#ET is one of many US midstream companies.
It's rather undervalued by P/S 0.32 and P/B 0.80. Not a rocket with Beta 1.10, but good enough.
There might be reasons for that, otherwise this stock would be priced 4-5 times higher.
We'll definitely reach the stars, but this time Target $8.25 and then $10.35 in what now looks like Wave C.
