NGL Energy Partners LP engages in the transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products / renewables, and water solutions. The company operates in three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment transports, treats, recycles, and disposes produced and...
We have somewhat of a Bullish Gartley here with kind of a Bearish 3 Line Strike but more of just a Bullish Engulfing on the Weekly at the PCZ of a Harmonic that's kind of a mix of a Bat and a Gartley. Lets just say it's a Bat for simplicity as it lines up with the ABCD move.
almost 400-% upside. Last week, the CEO bought 100,000 shares at $1.74. Surely he cannot be only after small potatoes. Broke past a couple of secondary trendlines.
A good opportunity especially for the people who have patience!
It might be second CPE.. we will see.
I wish you good profit!
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NGL Energy Partners LP is a US-based firm that owns and operates a vertically integrated energy business. The company's operating segments include Crude Oil Logistics, Water Solutions, Liquids and Refined Products. It operates crude oil storage terminals, and owns pipeline injection stations and offers services for the treatment and disposal of wastewater...
Things to note:
NGL trading below the 50 SMA.. but not too far off
NGL MACD possible reversal in trend to bullish
RSI is average, neither overbought or oversold
Since NGL closed above the support line of 2.37, I am predicting that it will go up and retest the next support line of 2.65. An investor can take a 10-15% profit here.
Disclosure: Not financial advice.
One swing crossed SMA50 and 200
Wedge Pattern
Candlestick Hook reversal
Breakaway Gap
Volume Profile -- 2.8 is the max volume price
Entry 2.62
no Stop
Target 7.3
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
It's making a move back to its previous trading zone. The RSI crossed over its previous support and looks to be in a new range. It broke its bearish trend and looks to have bounce off a support. Taking this one to $3.00 hopefully.
