Saudi Arabia announced another voluntary 1 million barrels per day cut of its oil production which is set to be implemented in July. As a result, oil prices are expected to rise which is promising news for oil producers, like Houston American Energy Corp. (NYSE: HUSA). As the supply of oil decreases, demand for it increases which leads to oil prices surging....
Huge support at 3.97 huge reistance 6.90. Big volatile range but nice uptrending support. If we curl up watch 6.90 first and any break and close above that would signal a big push. I feel entry around 4$ stopping 30 cents below could be a safe risk
$HUSA bullish pennant formation in weekly TF.
However, it's not ready yet for a breakout, the weekly candle closed bearish (Hanging man) and was not able to break the upper trendline.
I think it will first dip to $3.7-4 before the big move, anyway, it needs to breakout with above average volume to confirm that pattern..
Houston American Energy Corp (NYSE American: HUSA) is an oil and gas exploration and production company. Our oil and gas exploration and production activities are focused on properties in the U.S. Permian Basin, the onshore Gulf Coast Region, principally Texas and Louisiana, and on the development of concessions in the South American country of Colombia.
We seek...
An oil and gas exploration and production company, Houston American Energy Corp (NYSE: HUSA) is mainly focused on properties in the US Permian Basin in Texas and Louisiana as well as Colombia. With the company increasing its interest in a Colombian project, HUSA stock surged by as much as 134%. As oil prices are continuing to climb, many investors are bullish HUSA...
Houston American Energy Corp., an independent oil and gas company, engages in the exploration, development, and production of natural gas, crude oil, and condensate in the United States. Its oil and gas properties are located primarily in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region, and in the South American country of Colombia. As...
Houston American Energy Corp., an independent energy company, acquires, explores for, develops, and produces natural gas, crude oil, and condensate. Its oil and gas properties are located primarily in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region, and in the South American country of Colombia. As of December 31, 2020, the company owned...
Houston American Energy Corp., an independent energy company, acquires, explores for, develops, and produces natural gas, crude oil, and condensate. Its oil and gas properties are located primarily in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region, and in the South American country of Colombia. As of December 31, 2020, the company owned...
HUSA is up massive on the spike in global oil prices, and there appears to be no apparent fundamental reasons to back this momentum up for an extended period of time. I would not suggest taking a short or long position before seeing a clear direction.
Looking at the technicals, HUSA is disgustingly overbought, at 92 on the RSI with weak momentum on the...
Here's a comparison chart of 8 recent March 2022 momentum movers. Obviously, the catalyst was the Russian invasion of Ukraine and how it's temporarily impacting the global supply chain / commodities market. Heroiam slava! I'm not advocating going long or short especially at this point now. But it would be prudent for long positions to trim take profit and short...
Houston American Energy Corp., an independent energy company, acquires, explores for, develops, and produces natural gas, crude oil, and condensate. Its oil and gas properties are located primarily in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region, and in the South American country of Colombia. As of December 31, 2020, the company owned...
Houston American Energy Corp., an independent energy company, acquires, explores for, develops, and produces natural gas, crude oil, and condensate. Its oil and gas properties are located primarily in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region, and in the South American country of Colombia. As of December 31, 2020, the company owned...
Houston American Energy Corp. engages in the development, exploration, exploitation, acquisition, and production of natural gas and crude oil properties. It holds interest in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region and in the South American country of Colombia. The company was founded on April 2, 2001 and is headquartered in Houston, TX.
Houston American Energy Corporation (NYSEAMERICAN:HUSA) shares decreased nearly 50% from a couple weeks ago after making a big uptick. Now share prices are ready to make a solid move, since it has started recovering from its rising EMA200 support zone. Additionally, its accumulation remains very high during the consolidation phase which is a very positive sign. So...
There is no clear indication as of to why Robinhood is placing a limit on HUSA . The latest news only indicates it is heavily undervalued at 90% below evaluation. I see no evidence of heavy shorts, high influx in volume , or other indicators to warrant a limit being placed by any brokerage. I would keep my eye on this stock as there are signs of life for potential...
Houston American Energy Corporation (NYSEAMERICAN: HUSA) Friday's pullback seems a good opportu-nity to add longs. Key Momentum indicators remain relatively strong.
Day 1 - This stock was found using the following rules
1) price under 15
2) volume over 200k
3) price above 50 sma
4) price above 200 sma
5) float under 50M
6) relative volume over 3 *
Testing out if those inputs equate to favourable outputs
Holding period - not determined in the set of rules, testing how the rules react first
