Kinder Morgan is heading into earnings and currently sits above the 200-week SMA and the POC as it forms what appears to be a Bullish Inverted Head and Shoulders pattern. If these levels hold into earnings, I think KMI will have a chance at breaking out of the pattern and making its way towards the 0.618 Fibonacci retracement up at around $31.23 especially if...
In the energy sector, contrasting financial metrics and market dynamics between Kinder Morgan Inc. (KMI) and APA Corporation (APA) present a nuanced scenario for investors. Analyzing their respective financial performances and market positions, it might be strategic to consider buying APA while contemplating selling KMI.
Reasons to Prefer APA Over KMI:
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Kinder Morgan - 30d expiry - We look to Buy at 16.15 (stop at 15.51)
Support is located at 16.00 and should stem dips to this area.
16.00 has been pivotal.
Offers ample risk/reward to buy at the market.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
Prices have reacted from 15.89.
16.00...
KMI is playing around the entry point at $16.75. If you're thinking energy is going to keep it's upward momentum it's a place to get long to $16.91 to give you a completely free chance at $17.24 and beyond later.
• Pennant formation after a nice upward movement
• It looks like the breakout from the formation is near
• The breakout should be supported by high trading volume
• Price target at USD 18.37
• Price target near the gap resistance at USD 18.34/18.52 formed at the end of January and the 76.4% Fibonacci retracement
• Let's see if there will be a breakout in the next...
Kinder Morgan - 24h expiry - We look to Buy at 16.11 (stop at 15.44)
16 continues to hold back the bears.
16 has been pivotal.
Dips continue to attract buyers.
We are trading at oversold extremes.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
We look to buy dips.
Our profit targets will be 17.77 and...
I have a positive outlook on KMI (Kinder Morgan) as long as it maintains support above its September 2022 low. If this support level holds, I anticipate that Kinder Morgan has the potential to reach $17 or even higher.
The stock is showing a double bottom pattern with RSI divergence, so I will wait to reach break the downtrend resistance line and enter with reward risk ratio of 1.5: 1
Kinder Morgan - 30d expiry - We look to Buy at 16.11 (stop at 15.44)
16 continues to hold back the bears.
16 has been pivotal.
Dips continue to attract buyers.
We are trading at oversold extremes.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
We look to buy dips.
Our profit targets will be 17.77 and...
Kinder Morgan - 30d expiry - We look to Sell at 19.25 (stop at 19.71)
Levels above 19 continue to attract sellers.
Levels close to the 78.6% pullback level of 19.25 found sellers.
19.33 has been pivotal.
The previous swing high is located at 19.36.
Posted a Double Top formation.
Preferred trade is to sell into rallies.
This stock has seen poor sales...
The PEAD projected a Neutral outlook for $KMI after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 60%.
A price action below 18.00 supports a bearish trend direction.
Crossing above this level will negate the bearish stance.
Consolidation range from 17.50 to 18.00.
Crossing below 17.50 might target 17.00.
Testing it 200-day sma.
Also tracking from the upper range of the Bolliger Bands.
Kinder Morgan
Short Term - We look to Sell at 17.96 (stop at 18.55)
The medium term bias remains bearish. Levels close to the 50% pullback level of 18.00 found sellers. Further downside is expected. Preferred trade is to sell into rallies.
Our profit targets will be 16.55 and 16.00
Resistance: 18.00 / 19.00 / 20.20
Support: 16.50 / 15.80 / 15.00
Please be...
