Looking back into Tell for a long opportunity that I believe I entered at $1.20.
If you've ben following TELL for the past couple years, you'd know it as an excellent trading stock due to volatility. You also may know that They've been struggling to find an equity partner for financing their newest LNG terminal (Driftwood, in Louisiana; $14.5b cost), which,...
Analyzing the options chain and the chart patterns of TELL Tellurian prior to the earnings report this week,
I would consider purchasing the 2usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $0.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward...
TELL is currently breaking out of a Falling Wedge after confirming a Double Divergence in the MACD at the 0.886 and also Bullishly Diverging the previous week's candle. A break of the $1.55 level could quickly take it back to $6.5, as that will likely also align with the RSI entering back into the Bullish Control Zone.
General
TELL recently visited the bottom of the range and started heading higher in the last months. Planning to take a little position if price should manage to get above "Level 1", generating a new swing and getting above it again.
Target: A bit under the 50% of the range
SL: I dont want price going lower than the swing after breaking it.
Invalidation: ...
So, a lot going on in this chart, but what I want to draw attention to is the crossover of the 20ma down through the 50ma (yellow ellipses) and the price action that follows. We have 3 analogs on the chart over the past year or so. The crossover coincides with near term oversold conditions and and a brief correction followed by further downside. The downside from...
Todays wick shows good resistance off the 200ma. I am looking for a gap fill as shown on chart, especially with the anticipation that we hear good results on the consumer price index(CPI).
Seems that phase c already happened. LPS probabiliy increased. Increasing volume on Rallies and low supply on support areas shows that demand is prevalent.
Double bottom with huge volume. Looks bullish. Higher highs. What else do you want? Jump in for a ride to 150. I would love to see a pull back towards mid 50s before it rides back up.
Natural gas prices going up big time.
Looks bullish and natural gas demand spikes in these times and future until we have complete alternative energy resources. Once it breaks above that blue line, it could rally towards $18...
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P.S. Note a financial advice, do your due diligence.
For Wyckoff to work properly, you must first take the top-down approach of the sector to the individual stock. Then you must predict where the price could move using the law of cause and effect.
Here is my take on Wyckoff Accumulation Schematic.
Wow, the opportunity of money making has never been so clear until now. Finally, we break out of the downtrend and get some bullish momentum to the upside. We have 2 bars touching the demand zone--close to a demand zone that I have drawn. It is likely we will see 4$ again.
Sell signal confirmed if RSI crosses down through RSI MA after reaching top bound of the descending wedge. Confirmation on Tuesday 2/22, which could be ER. A positive ER may negate the technicals.
MACD crossed while the RSI retested 30. Many possibilities for the week here. May see price move towards 3.40. SPY is also moving up while the VIX is dropping slowly. Perfect short term move for a long swing up.
Short $TELL CMP $3.45. Broke the trendline support and 50 SMA with good volume. Currently it's testing 200 SMA. 200 SMA price area is generally known as good support for stock price. If the price bounce from 200 SMA level then price can get to $4 area otherwise downtrend continuation will take price to lower level of $2.70-$2.80 which can act as support. General...
The energy sector, the renewables and the oil and gas have been getting attentions from investors in the past weeks. $TELL is one company to swing in that season for good short-term returns.
Based on previous price movements, TELL has more upsides.
-Tellurian (TELL) stock fell today after the company announced the pricing of a public offering of 35,000,000 shares of its common stock for a total amount of $105 million to Tellurian. Shares of the company were trading 12.53% lower to $3.07 a share on Wednesday.
-Another 10% drop is expected now.
