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Pupm&Dump trading strategy idea. $USEG is rising without clear preconditions today. The demand for shares of the company looks lower than the supply. This and other conditions can cause a fall in the share price today. So I opened a short position from $4,10; stop-loss — $4,44; take-profit — $3,76; Do not view this idea as a recommendation for trading or...
An independent energy company, which engages in the acquisition and development of oil and natural gas properties. Its projects include North Dakota, Texas, and Louisiana. i hope by the end of this week it coukd go on $8 or so on.
I always share my ideas starting with technical analysis, with a weekly chart then I go to the daily chart. But behind of the idea there are a Fundamental point of view and if I identify who is the strong Industry in this case Energy Companies then I search for companies who are showing me recognizable price pattern accompanied with a unusual volume. Another...
USEG is in the middle of a long term correction, making a downward channel. From a long term point of view i'm expecting a breakout to the upside before one more big wave down