Weekly Uptrend Consolidation
SMA 20/40 as support
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
Day long from over but looking like a solid breakout underway. Oil stocks are strong today.
CNX Resources Corp (CNX)- PRODUCES UNCONVENTIONAL SHALE FORMATIONS, PRIMARILY THE MARCELLUS SHALE AND UTICA SHALE IN UNITED STATES.
CNX has been in a downtrend since August but it's coming into major support at $8.35.
It has also been consolidating since early this year. Consolidation = energy.
The longer the consolidation, the bigger the energy released will be to the northern or southern direction. Cannot predict which way the energy will be released.
Trade setup 1 (long): Break and...
- This stock made its way onto our watchlist with the first bullish pin bar just below the 200 day EMA (First green arrow)
- We then drew up the trade plan with a bullish bias when the multiple inside bar pattern began to form with a stop loss below the formation and an initial target of $12 (previous event area)
- The trigger for entry was a break of the mother...
if you like this analysis and most important find it useful please support with like. I am not a financial advisor and i do not reccommend taking any of my trades because of the risk. This analysis is purely for entertainment only and it is used only for a idea what could possibly happen with this stock in the future. If you have any questions please ask, i would...
Big pictrue of fundamental analysis and technical analysis. market is still in a strong up movement which scary me. Stock hase helthy P/E and p/B is exelent. sales advencing after 2016 debacle. there were a long downtrend channel which was recently violited. At the moment price lay on previous resistance level and on newly support level.
Write sometning about your...
CNX has this third bottom in place but MACD has diverged up, and prices moving up form the bottom. Options are few and far between as is common with lower priced stocks. Bought the stock 500 @ $7.14. Gonna see how this pans out, MACD says price should be at $7.42 or so. If we get close to $7.40 we'll sell.
*****KEEP ON STRONG WATCH, OPTIONS TRADERS MUST HAVE HIGH CONFIDENCE TO PLACE SUCH A TRADE*****
AVERAGE ANALYSTS PRICE TARGET $13.50
AVERAGE ANALYSTS RECOMMENDATION HOLD
CNX Resources Corp. is an oil and gas company, which engages in the exploration, development, production, gathering, processing and acquisition of natural gas properties in the...
$CNX has been pummeled down 40% in two weeks after earnings and we are given a low risk long entry here at trend line support. $CNX has no insider sales in over a year and is owned by many smart investors such as David Einhorn, Ray Dalio, Isreal Englander, Mario Gabelli and Southeastern Asset Management. I suspect we see these investors start to rattle the cage to...