DuPont here looks like it's wanting to breakout so badly. Keeps hitting the $85.50 price ceiling. If it breaks out then I see it going to about $100 pretty easily. I think I might play this name
$MU is right at its 50day EMA. The industry has been taking a break for a few months now. I think as we start approaching the back half of 2021 and see Micron blow out it's earnings and keep solving the semiconductor and wafer shortages we will see a rotation back into this name (and the sector. I still really like $QRVO $KLAC $NXPI and $QCOM)
$PBR had a nice bull flag that resolved the pattern. Now that it shot up to our trend line target, it is consolidating. Will we see another bullish pattern form here? I think we might partially due to macro factors in regards to Oil and a steady rotation into devolving markets.
Take a look! Fib retracement shows some pretty legit with these levels of support/resistance.
If you aren't in an Oil&Gas company, this may be the play for you.
This is a chart of $AMAT on a 4hr candlestick with a Fib Retracement too and the TradingView "Long Position" tool. As you can see, AMAT has just broken out of a pennant. I would wait for a pullback to the $130 level to add shares. If it goes to $125, I will add to my position. Keeping stops tight due to the uncertainty of this choppy and fearful market, I would...
This is a weekly chart of $PXD anchored with a Fib Retracement tool. I added a trend pitchfork to show an upward movement in the stock from now until 2023. Considering macro economic effects, a great balance sheet, and a recent PT raises toward the $200 level, I can see this stock following the provided trend channel and inching towards ATHs again.
In the short...
With the concentration/rotation into the energy sector, I am looking for names that have longevity and have survived market volatility similar to the financial crisis in the mid 2000s. With tons of FCF, increasing ESG programs, a recently declared "Special" $1 dividend, a lot of PT raises close to $100, I like EOG in this sector.
I used a Fib Channel to show the...
I like Marathon Pete to $70. On May 14th (TODAY), they announced a deal to sell 3,900 speedways to 7-Eleven and a $10bil stock buyback. Even with the supposed Anti-Trust crackdown that came about mid-day, the large stock buy back in it of itself is a catalyst to drive this higher. If there are no anti-trust issues, I think we have another leg higher
Just a simple chart show a potential trend test around June 3rd of recent highs
Around Sept. 21st is my trend target for the next fib level, which would be 371.
I'm not a time traveler so I don't have an obvious clue as to exactly what is going to happen. This is just me using some tools to predict. This trend would also indicate that inflation is in fact,...
