Smokey the Bear used to sniff out a fire before it started, remember way back then?
CLNE could be one to tickle your nose. You can see it's had a nice run up and now it seems to be biding its time in a pennant formation. The company is making money and with oil's price rise CLNE's natural gas may be a very good alternative to diesel in the near term. There's...
CLNE seems forming a bump & run formation. It got great money flow accumulation & some insider buying recently. We think it has good upside potential.
* Trade Criteria *
Date First Found- March , 2018
Pattern/Why- Bump & Run formation
Entry Criteria- Current price ($1.69) (Hit March 27, 2018)
Exit Criteria- 1st Target $1.90 & 2nd Target $2.23
It looks like a cup is forming, getting higher lows each down and higher highs each up. Decent volume for movement as well.
*I am new to trading, if I am wrong about anything please let me know - I need to learn.
Solid setup off trend lines and support especially considering that this comes post news gap retracement and post earnings report. Since the "sell the news and sell the earnings" haven't resulted in breakdown of longer term support I like the setup. I also like the trend line forming from the day before the news gap and current.
Lower trend line will act as...
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I'm neutral to long.
Clean Energy Fuels Corp deals in the natural gas fueling station market. This is an up and coming hot market area as more trucks and commercial vehicles probably will switch to the cheaper fuel. A breakout could be near as it has come to the end of it's apex. Should a daily close occur above the trend line, upside potential in days could be...