Retracement lines indicating what area's will be a good buy point. Most likely around 50%
Could be 33% if it consolidates there for awhile.
Wouldn't recommend buying at 66%.
Sell safely at $7.00.
$ECA has been destroyed getting lumped in with recession fears, falling oil, and it's recent acquisition of $NFX. However, insiders have buying shares hand over fist and I am following their lead. $ECA is more levered to nat gas which is squeezing higher and I expect $ECA to follow with a massive run higher soon.
$ECA insiders have been snapping up shares all month since the recent announcement $ECA would be purchasing $NFX which they picked up on the cheap. $ECA stock has been pummeled but looking ready to move higher. Who knows better than the CEO what is good value here and he has been buying shares as recent as yesterday. $ECA is printing a bullish inside day today.
$ECA got $NFX assets dirt cheap and is now a nat gas and oil powerhouse. Nat gas has been ripping higher and $ECA has not participated as it digests the acquisition. This gives a great opportunity to buy in at a steep discount and I am looking for a minimum 20-25% move higher as an initial target on a gap fill to $10+ from $NFX purchase.
This oil / gas company just popped up on my scan.
Weekly and Monthly Charts look great!
Earnings today blew past street estimates.
POSITION: 7500 SHARES
DISCLAIMER FOR ALL MY PAST AND CURRENT TRADES
If you follow me, follow me very closely because I might buy for a fast profit or I might hold but, if I hold, I could close my position at any...
Look first I identify a strong sector then I share several ideas, why several? because my job is to put ideas in the desk of investors and traders, not just one but several and why. From my point of view there are three reasons:
The First is a trader or investor have more options for choose which one is better for him based in your risk profile, budget, and other...
$ECA is nearing a setup. I wouldn't quite say that it is the best setup at the moment due to the angle of the "price action break out line I drew.
I think ECA will stick more so to the wedge formation rather than break out now. However we will see. Both are possible.
RSI line is drawn using the "uniform action" method. If you would like to see more of the idea...
Since May of 2016 the 50d and 100d MA's have been significant support levels and now price is consolidating between those two levels seeing support at the 50d and resistance at the 100d a break of either of those is significant, the preceding trend is upward so it is assumed that it is in an uptrend still until proven guilty which is why this could be a nice...
After 2.5 years ECA reversed its downtrend. At the end of January with deteriorating Natural Gas prices ECA price started going down and with oil prices slipping at the beginning of March the stock price continued the downtrend. While natural gas price started trending up the stock did not reflect that and continued to follow Oil Prices. It appears that when NG...