This is a long-term hold asset for me but added a bigger position for a shorter-term trade targeting the gap.. timeline is whatever. I like the stock and market cap for the performance and dividends.
Disconting the bad beguining for the colombian market caused for the present President of Colombia, I think in this moment de main company of the country, "Ecopetrol" $EC is supporting in the short term by tecnical and fundamental issues. Fundamental view is product of the great result of 2022 FY and its consecuen big dividend, around 30% at current price. By the...
Boom Boom. Thats what you need to know. Buy Fear. The chart arcs line up. Goes over 10 years back to more recent ones. Its go time. Inflection Point right now.
EC breaking back below trend resistance, if it can break back above my targets 19.90, but a break below 15.46 local support and we see a dump to trend support
I am pretty bearish here unless we break back above the extreme trend resistance
TP: 19.43
SL: 12.24
R/R: 1to8
With Brent Oil prices between US60 and US70, demand growing as economy reopens and goes back to 'normal', this company will easily be above US19.
Ecopetrol S.A. operates as an integrated oil and gas company. The company operates through Exploration and Production; Transportation and Logistics; refining, petrochemical and biofuel segments. It is engaged in the exploration, production and sale of oil and gas. It also transports and distributes hydrocarbons and by-products.
An oil giant in Colombia that...
Stock EC seasonality starts to Buy date on January 22 and ends Sell date on April 7
Percent Profitable is 81.82% in 11 years and an average return of 10.60% per year
The Stock is moving in a high volume to price zone which doesn´t allow to find a good risk/benefit ratio at this moment. A break above $3100 might suggest the possibility of higher prices
