An idea for ERF showing a descending broadening wedge Similar structural areas are labelled They also move perfectly in synchronicity with their respective Fibonacci circles
ERF looks good. TDIGM , the white line did close below red zone then went back up a tad . Also, Stoch RSI the two lines are well below, and crossing. It also is flattening out right around resistance, which is the bottom blue line. we want to see a bullish engulfing on the hourly chart to make that resistance line into a support line. if this drops more, i...
ERF has had a large run up relative to other companies in it's industry. There is a large wick with large volume, this is a sell signal to me. I'd pair this short off with some long XOP but either way I believe it should work.
Just my thoughts on this one. This is coming from a request. :-)
WPT is a pipeline company which has been hit by oil prices. However these companies aren't directly affected as they are like middle men just taking some off the top. Going forward there will be big demand to move oil/gas as it is all in storage across the country right now. Company has low Debt, good cash flow, good ROC, ROE and most of all is supporting a...
As a small time trader I have no problems with liquidity, so I've been thinking why not take advantage of that and that is this idea. This is my thoughts the morning of Aug 27,2015 So oil companies are down we know that but last night we had a big up move in oil and that would cause short covering today. As of the close last night I had no positions to benefit...