You can see that the MACD gives a buy signal on 2 July, and CMF shows us, there are more buyers than sellers.
I think we're standing at the beginning of the bullish market.
On 4 July QEP got $500 million financial help for Wells Fargo Bank, so the liquidity of QEP is stable now.
I entered a position in QEP part 2 of 2 energy trades I am currently in. We will see how these play out in the coming days/weeks.
Like i said before this is not investment advice. I am simply tracking my trades and sharing my chart ideas to get better. It is crucial to educate yourself on your trades fundamentally and technically.
If you have any feedback or...
I entered a long position on QEP this is another energy trade I am currently in. We will see how it plays out.
If you have any thoughts or ideas feel free to comment. Like I have said before, this is not investment advice. I am simply sharing my trade ideas, charts, and analysis to get better. Please do your own education on the trades you are entering.