Retracement to 50% area, strong bullish candle today, energy sector to return, above 50 MA, 2:1 RR Target = 22.50 SL= 18.97
Mexco Energy Corporation is an independent, publicly owned oil and gas company engaged in acquiring and developing oil and gas properties and the exploration for and production of oil and gas.
Mexco Energy Corporation, an independent oil and gas company, engages in the acquisition, exploration, development, and production of natural gas, crude oil, condensate, and natural gas liquids in the United States. It owns partial interests in approximately 6,400 producing wells located in the states of Texas, New Mexico, Oklahoma, Louisiana, Alabama,...
Based on volume price movements,I expect MXC will go up. Take Profit: 19.0 Stop Loss: 10.75
Hi. In this chart I've plotted one resistance line and one support line, both quite short term. With these two I've also plotted two more long term zones: One wide diagonal support zone that has played out since April 2020. Its very strong and if broken could be a strong indicator of a trend turn. One tall resistance zone that while not very strong could still...
MXC Is In The Middle Of A Short Squeeze ----------------------------------------------------------- While Mexco Energy didn’t release any press releases, it did file documents with the SEC yesterday. The documents announced a coming Annual Meeting of Stockholders. The meeting will be held at the company’s principal office at 2:00 p.m. on September 10, 2020. So,...
Mexco Energy Corp. operates as an independent oil and gas company, which engages in the acquisition, exploration, development, and production of natural gas properties and crude oil. The firm focuses on the Midland Basin located in Eastern portion of the Permian Basin including Reagan, Upton, Midland, Martin, Howard, and Glasscock Counties; and Delaware Basin...
Overnight Hold - Broke day resistance after 2:30pm CONS: Very low volume then what I would prefer
There appears to a robust amount of resistance at around the price 18.50-19.00, considering a breach at this level could imply a prolonged bullish position in store for the future. Not Investment Advice. For Educational and Analytical Purposes Only. (Do Your Own Research and Stick To Your Trading Plan!)