GEL Cup and Handle on Genesis Energy, waiting for breakout. Hopefully earnings won't disappoint on November 4th..
Bullish Engulfing on the Weekly at an 88.6% retrace with Hidden Bullish Divergence on the RSI at the bottom of a potential Ascending Triangle
Consolidating in weekly since the begging of March. If breaks out up might go till $18. Target 1: $13.40 Target 2: $18.00 Stop: 8.90
It ´s a set up update for a hot spot stock to buy good luck Charlie
I activate an alert on 9.52 it ´s a buy immediately for me no doubt XLE is on the hot spot for the days to come best performer are XLF XLE XLB Good Luck Charlie
Wedge Break $9.83 Stop: $8.97 Target: 11.43, Target 2: 14.43, Target 3: Momentum. Quote a lot of insider buying early last year. Small Insider Buying and 1 Insider sell recently.
I'm expecting a brief 25-30 percent correction before continued upside. Bearish Profit taking targets will be at around the $6.90 area with Stoplosses above $10.24 I expect that after GEL retraces back down to the $6.90-$6.40 Levels that it will continue it's uptrend: For bullish Targets on GEL refer back to my original Bullish idea on the Related Ideas tab
We are showing Both Hidden and Classic Bullish divergence near the bottom of a range and are now breaking above the 200 Day Simple Moving Average; This could be big. We are also at a very important Monthly level:
GEL - Possible entry here . Stop signal 4.21. Target 5.43 and 6.93. Insider Buying present.
Gel is showing signs of resistance at the $32.39 to $32.85 level. Needs to clear that before any talk of continued uptrend. But for now, time to take profits if you already have some.
Genesis Energy has still an uptrend and is going toward its highest level. The company shows strong fundamentals. Firstly, the security is undervalued compared to its peers with an EV/Sales ratio estimated at 0.91 by the Thomson Reuters consensus for this year.