As a beginner trader (20 days old), I am trying to identify one pattern every day for a year. Hope all can provide me constructive feedback to hone my analysis skills! This is a training for me.
Bullish pattern spotted.
Their is a very strong resistance level and it seems like LPI can't get passed it. I mean the stock tried several times and it didn't work. Now, it's losing momentum and its going to go back in the area of twelve dollars, where i drew the up channel's trendline. What do you guys think ?
Buying at twelve dollars may be a good thing.
With the Stochastic approaching the oversold levels, and the price reaching an overlap with the 200 day moving average, I am bullish on LPI. There is a short-term downward channel within a long-term upward channel, and this touching of the 200 day MA brings about a bullish upward trend. I believe that the price will approach the 27's and then will make a strong...
Laredo Petroleum today's earnings data:
- Q1 EPS of $0.49 beats by $0.35.
- Revenue of $173.3M (+5.9% Y/Y) beats by $0.67M.
That's a likely favorable risk/reward trade. For long positions, I'll pinpoint my entry using the 5 or 15-minute chart.