Crude OIL WTI Dec 2023 contract in flag convergence with a strong rebound yesterday.
Buy at 73 with SL at 71 just below the pin bar low.
Fundamentally, a lot of geopolitical surprises can spring it up. Down turn in economy from higher rates already in the price. Crude oil in Backwardation means you buy Dec oil for much cheaper than today.
Bullish pinbar candle on week ending 27 Jan 2023 gives a buy at 248 with SL at the pin low of 230.8
Stock rallied despite lower guidance on earnings this week, showing strong appetite from buyers
Bullish Flag continuation
Buy at 22.28, Tight SL at 20.9 just below the last pinbar
Chance of another dip and false breakout back up for a second bullish entry.
AMEX:LNG
BUY on Ascending Triangle convergence with a good squeeze, accompanied with 3 consolidated candles making a strong bullish pinbar
On longer term also, LNG has been in a rising wedge kind of formation ready to break.
Buy at 65.7, Tight SL at 60
NYSE:SRE
Rising Wedge Breakout
Resistance tested as new support
BUY at 129.3, SL at 124 just below the consolidated pinbar candles' low
Also supported fundamentally by falling interest rates (10Y treasury) that make the yield on these safer utility companies attractive
NASDAQ:JJSF
Rising Wedge over many years w a good squeeze now
Consolidated candlesticks giving a buy pinbar
BUY at 162, SL at 149.5 just below the pinbar low
AMEX:IYR
Ascending Triangle Breakout & Resistance line tested as support w Consolidated candles forming a buy pinbar
BUY at 88, SL at 82
Also supported fundamentally by falling interest rates (10Y treasury)
NASDAQ:OTTR
BUY OTTR Rising Wedge Squeeze Continuation with consolidated candles forming a buy pinbar
Also supported fundamentally by falling interest rates (10Y treasury)
Buy at 50.6, tight SL at 48 just below the pinbar candle low
NYSE:BYD
LONG BYD Mini Asc Triangle / Penant, with a good pole and 3 candle consolidated pin hammer
Entry: 36.4
SL: 32.8 giving room for a false breakout down
