Earlier in the week the 50 day ma was support and was broken the next day. We touched the 100 day and had a massive bounce to to the upside. The markets downward pressure has now moved it back down to support. Place you bets.... mine is lower, but I will be watching for confirmation to put any money on this. Good luck!
The fundamentals are going to be amazing for this company next week at the ER. Q4 was great but Q1 is a monster. We have bounced off 8 three separate times this week and each responded with a nice bounce. I don't see any reason for this momentum not to continue past the ER. Always make your own trades but this is by far my favorite!
We may have missed the initial move but looking to at least hit the top of the channel again at 8.50. This could move beyond with natural gas numbers looking very bullish. AR predicted $181 FCF for q4 on 26ish barrel pricing and it averaged 27.09. Also current pricing is indicated at 38.96 with the polar vortex. With ER on 2/18 I expect this to continue the trend upward.
If you have been following along we have been in a wedge for a few weeks. Today looks to have broken to the downside (NA price reduction...no one saw it coming :)), I expect more downside still. Good luck and remember this is only advice. Make your own trades.
Beautiful wedge.... What does a betting man do here? I'm short again with some calls as a hedge! Where is the guy a few weeks ago making fun of all my lines.... Heavy movement either way is my friend! Good luck and make your own trades!
Third time we have sold off from the ATHs resistance. No position in between the two lines. Breaks below support bearish.... Breaks above bullish
Good luck! Only advice and please make your own trades!