RRC still in a HH HL uptrend, coming off an area of support. Noticed a squeeze on the TTM, positive divergence on RSI, recent MACD crossover curling toward zero...
Entry $18-50 -$19.00
Stop 16.25/
Target $25-26
Range Resources (RRC) - Long this hydrocarbon producer starting Spring 2021 on anticipated inflationary pressures driving hydrocarbon energy such as oil and natural gas higher, along with legacy hydrocarbon ("fossil fuel") exploration & production companies higher. Now riding the global energy "crisis"" wave much higher yet still. Ultimate price target on the...
Traders...
I’m not sure what’s going to happen with natural gas: additional supply-side constraints, increased demand for power generation and/or exports (looking at you Europe), storage depletion, a colder-than-average winter, continued decreased purchasing power of the dollar by increased QE, the realization by the masses that natural gas is the best “clean”...
Cup'n Handle on the weekly, not confirmed yet but could be tomorrow.
Indicators setup is nor perfect, but still pretty nice.
If confirmed:
Price target = 32.66$
Stay humble, have fun, make money!
Rolling into more may 21 puts after the complex decided nat gas gets a bid all the way to hot resistance. knuckleheads quickly reversed on the June contract. While I agree burning gas is better than coal for spark, nukes are the best, everyone afraid of reactors so here we be fighting over methane prices. Respect the f ing trend 🤙🏽
this thing was pumped & above it's 200D for some time; they need to let the air out and retest some key support levels prior to earnings. Originally wanted a straddle because this thing is perfect for short term put/call legs but the way this looks ill on the chart just asks for a naked put then diagnose in a couple sessions. Another ~7-15% slide and I'll roll...
looking to make a quick buck off of institutional stupidity in the face of clean energy nat gas initiatives while boomers continue to shun nuke power plants. Hopefully another boat gets stuck in the Suez, and the entire complex gets a lift.
Owning a few hundred shares and qty 3 May 7 $11 calls.
tempted to sit in the shares and write some covered calls against...
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here personal message, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
If u like the analysis, please...
Looking for re-entry here, based on this particular pattern.
I am hoping for a little more of a sell off here, before thinking about taking an actual position.
![RRC: RRC[D3] - Long](https://s3.tradingview.com/e/e1hrhnd1_mid.png "RRC[D3] - Long")
