USEG has again touched off of the bottom side of its long term channel. The BBWP indicates that it is primed for expansion after consolidating and oil prices are on the rise. While this is not financial advice, I believe that USEG will be a strong mover next week into the mid 5 dollar region.
// Opening position price - $4.9
// Reasoning:
Changing the channel
Multiple tests of support
Gas and Oil prices in Europe (and in the world) just hit record (fundamental analysis)
// Prediction
I expect the symbol will breakout the resistance line and above.
// ...
U.S. Energy's new assets to nearly quadruple production
Acquisition News- U.S. Energy Corp. Announces Entry Into Definitive Agreements In Connection With Transformative Acquisitions
U.S. Energy (NASDAQ:USEG) +23.7% pre-market after agreeing to acquire oil and gas assets from Lubbock Energy Partners, Synergy Offshore and entities controlled by Sage Road Capital...
US Energy Corp. engages in the acquisition and development of oil and natural gas properties. Its projects include North Dakota, Texas and Louisiana. The company was founded on January 26, 1966 and is headquartered in Houston, TX
USEG is a relatively flat stock for the most part. It's had its share of breakouts here and there but seems to call anything under the 786 fib home. Coincidentally, over the last year, this same 786 fib level has remained a pain point on the chart where USEG might break above it for a moment but fails to hold any significant level of support after doing so....
U.S. Energy Corp (NASDAQ:USEG) has been trading in a bull flag formation above its all major EMAs. With the strong oil prices I think this stock has a good chance at trading higher going forward. I'm still liking and holding a long position.
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
US Energy Corp. engages in the acquisition and development of oil and natural gas properties. Its projects include North Dakota, Texas and Louisiana. The company was founded on January 26, 1966 and is headquartered in Houston, TX.
NASDAQ
![USEG: [USEG] [+40%] Technical and fundamental opportunities](https://s3.tradingview.com/d/dSlScBJ6_mid.png "[USEG] [+40%] Technical and fundamental opportunities")
