2KD trade ideas
KMI inching up...Not much to say here. Consolidation before the start of uptrend (hopefully !!!). A break below the lower trendline means change in the direction - downtrend will resume. But chances of further downside are small.
KMI -Kinder Morgan Warren Buffett keeps adding to his bets on the oil industry
Berkshire owned about 26.53 million Kinder Morgan shares worth roughly $395.9 million at year end, according to a U.S. Securities and Exchange Commission filing detailing its U.S.-listed stock investments.
Kinder Morgan is a company headquartered in downtown Houston, Texas. It is the largest energy infrastructure company in North America.
Kinder Morgan owns about 180 terminals that store and handle products such as gasoline, coal, and petroleum coke. Kinder Morgan's CO2 division provides carbon dioxide (CO2) for enhanced oil recovery projects in North America.] In 2014, a third of the natural gas that moved in the United States passed through a Kinder Morgan asset.
Kinder MorganI believe it's undervalued. I've studied its 10Ks and 10Qs along with its audio conferences and so on. Lots of study. I believe its next level (soon to be tested) is $19, followed by $22 and so on as it attempts to fill the gaps. It's difficult for me to imagine a more solid, better company or better investment out there at anywhere near this price level. Because of its extreme liquidity it is also a trader's dream. This is both good and bad, but mostly good. The traders do bring the liquidity, along with the volatility of course. I see that it's fundamentals are massively strong and that, after its dividend bust lots of heavy investors see it for what it is -- a good value stock, really good now.
Some more downside for KMI before upward movementKMI expected to visit 10.5 area before resuming upward movement.
KMI: Longs To Come Off Of This Level On Signs Of DemandTraders
An opportunity to go long into an equity with signs of legitimate bullish demand.
This demand could take us out of the lows here, and we could see new highs, after a long term extension target has been hit bang on recently. Since we've seen the extension target hit, we have seen signs of legitimate bullish demand, which we can use with the hidden bullish divergence to reinforce our thoughts, and provide us with a reliable, safe entry for a nice probability long.
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Thank you.
Best of luck
Tom
Kinder Morgan Dead Cat bounce After a horrible 6 months or so for energy related stocks KMI finally cut their unsustainable dividend by %75 causing the stock to crash (www.fool.com) .While a short term bottom was found around $15 the chart is now making a nice bear flag. It looks to me like a dead cat bounce. With no real support insight and the energy sector continuing to be lack-luster I do not see this drop stopping any time soon.
A Bullish Scenario for KMIIt's pointless to forecast, but as a long holder of the stock I would like to see a test of October lows: It's important to have a strong base from which demand can be built. The spike low looks vulnerable in itself, and was generated through the prism of panic. What's needed is a more rational assessment of demand, ideally built up over the next few months. I have marked support and resistance levels to watch, defined through Fib retracements.
It's important to add, I'm looking at this through a long bias as a shareholder. It's not a call to buy.
Bought at $38.30Trading in a narrow range defined by support of 140 million volume day (low $37.62, but real support closer to $37.50). #Sectorbreadth places $XLE at sub-10% bullishness, a point where shopping for long opportunities is often rewarded. KMI is one of the few XLE components holding up and should be one to lead Energy stocks out.
Bearish Weekly Break supportit seems this reverse would be end with retesting 34.60 i think we would need to see bearish direction next 2 weeks - 1 month i would suggest 20 Sep Put strike 35 @ 0.18 now ....
