Hourly chart showing impending MA Cross, pinching MACD and Stoch, RSI over 50. Probably volatile until the stock closes over $2.40, but if technicals follow through the bearish snap of the last few days could be over. However, a close below $2.20 puts $2.00 in play.
Concerned about why the unit price hasn't reflected the bull case, but upside is great if this upstream MLP moves higher into March 1st earnings call. Continued drift to $1.85-1.90 through February is bearish for this PT.
Last quarter, the 9-period crossed the 21-period MA (on the 240-min chart) in a bullish manner and the stock rallied and snapped lower only to rally into earnings. I like the stock to repeat history and move toward $107 soon.