Great indicators as follow:
1. Stoch RSI at oversold level
2. Fibo levels followed
3. MA arrangement supports a clear uptrend (15 over 21 over 50 over 200)
4. Almost tweezer bottom SOR
Inputs are highly appreciated!
Basic analysis:
Ascending triangle pattern leading to potential bullish rally.
Price broke out of the resistance level which may potentially turns into support level.
Price is correcting and heading to retest on the key support level.
Potential bullish run to the .5 and .618 fib level or higher.
Initial purchase price 59,600 shares at 1.60 January 8th 2021.
After the oil markets imploded during the Covid panic and went negative for the first time in history the market consolidated and formed a bottom which created an opportunity to buy production companies which move first and fastest in a recovery. Russia and Opec have worked together to curb...
This a company that will survive this pandemic and will see the highest oil prices on record in the coming times. Literally no put options on because it will be dumb to short something that is undervalued. It is understood debt levels are there but they are no where near the point to have conversations of bankruptcy. Made alot money on this stock. Its got heavty...
NYSE:AMPY
Hey, traders.
Yesterday in the last minutes, the SPY gave up and failed to consolidate above 313.1.
It means that shorts can work well today.
Nevertheless, I have chosen both shorts and longs for today's trades.
The first paper for the AMPY short.
What's on a chart:
1. Strong mirror level 1.5.
2. The level is reinforced by a round number.
3. Sold all...
AMPY is a strong american oil company that has the ability to survive the oil problems. This is is good long term hold as well. This is at a low point.
All,
Luckily rechecking this chart this could be a big re-test and break. The market probably helped it down. Lets see tomorrow if this takes off like I think it might on a decent run.
Amplify Energy Corp. is an independent oil and natural gas company, which engages in acquisition, development, exploration and production of oil and natural gas properties. It focuses on operations in the Rockies, offshore California, Oklahoma, East Texas & North Louisiana and South Texas. The company was founded in May 2017 and is headquartered in Houston, TX.
NYSE
