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.
After the boom of energy stocks at the beginning of this year, now the retracement seems like a great opportunity to reenter the space.
On 4/30/2021 HC Wainwright Brokerage Reiterated Rating for SOL ReneSola to a Buy with a price target of $15.00
Based on the resistance ahead, i have a short term price prediction of 12.5usd.
Price is approaching a solid resistance zone with multiple hits. Monitor for a reversal pattern if price does not breakout of this zone and Daily trend line.
If price does breakout of this zone, wait for a retest of the zone before entering a buy.
Price has created a solid support zone with multiple hits and is creating lower highs and lower lows. If price makes its way back to the trend line, we can look for signs of rejection with a reversal pattern and enter a sell on a lower time frame.
However, if price decides to break through this support zone, wait for a retest and enter a sell on a lower time...
Confirmations:
- Possible Head and Shoulders pattern (right shoulder currently forming).
- Price could possibly hit the H4 trend line for a 4th time before selling.
- Break and possible retest in this same zone.
- Multiple lower highs which could signal a change in trend.
All of the above confirmations combined create an "energy zone" based on my trading...
