NYSE:QEP looks to have completed a head and shoulders pattern today. I have listed two price targets, the first being an area of possible support. The second target is the price target based on the size of the head and shoulders pattern.
Only concern is QEP is currently at a trend line support.
Q4 Earnings Growth Likely to be Impressive
Among all the 16 Zacks sectors defining the S&P 500 index, <$$$energy will likely witness the strongest earnings growth in the fourth quarter$$$>, per our latest Earnings Preview. In other words,...
I entered a position in QEP part 2 of 2 energy trades I am currently in. We will see how these play out in the coming days/weeks.
Like i said before this is not investment advice. I am simply tracking my trades and sharing my chart ideas to get better. It is crucial to educate yourself on your trades fundamentally and technically.
If you have any feedback or...
I entered a long position on QEP this is another energy trade I am currently in. We will see how it plays out.
If you have any thoughts or ideas feel free to comment. Like I have said before, this is not investment advice. I am simply sharing my trade ideas, charts, and analysis to get better. Please do your own education on the trades you are entering.