$LPI another oil name with a big base (zoom out) that goes back to July 2021. With 2022/2023 estimates like this, this stock should be able to sprint much higher from here. When technicals and fundamentals align, you get explosive moves. Primary focus next week.
LPI (Laredo Petroleum Inc), an independent energy company (oil and gas). Huge consolidation within a big wedge . Weekly chart with price above Ichimoku cloud , which means the trend is positive. A break of 90 could be the signal of a strong uptrend , with a 1st resistance at 100. The move could target anywhere between 146 and 208. Analysts target: 124 Trade safe.
LPI has been consolidating since last year and its getting tighter, trading above 5 days average line. Good chance to take off soon
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Symbol: NYSE:LPI Indicators: Laguerre RSI Laguerre Filter Opinion: Bullish Comments: Chart looks to be showing a huge bottom on the daily timeframe with sizeable upside.
The Market may have some more room to the downside with the longer term uptrend still intact, many growth names remain choppy at best. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price...
Butterfly harmonic pattern: AB=0.78 XA BC=0.88 AB CD=1.6 BC=1.27 XA=$66 *more likely* or CD=2.24 BC=$150
Another energy name setting up for a trend resumption breakout. Laredo Petroleum Inc (LPI)- ENGAGED IN THE EXPLORATION AND DEVELOPMENT OF OIL AND NATURAL GAS IN THE PERMIAN BASIN IN WEST TEXAS.
Institutions dumped this hedged Texas producer earlier in the year but will be back this winter.
very strong bearish move, for the second time the bears attack
Looking for a quick double to $2
LPI has beat short-term expectations driven by declining oil prices which are likely to stay low for the next few months. Within the short-term horizon LPI just touched the 1.09 resistance perfectly and should come back to 0.35 - 0.5. RSI showing sharp decline and DM+ had an unusually large upward spike, suggesting greater than average consumer faith. Even if...
LPI has alot of debt but they are in process of moving the maturity out a little further. Any further escalations with Iran could provide some spill over up-side here. This is for your day play high risk monies only. Lets see if price can defeat and hold the current resistance before trying a long...