Playing OIL Price Rise with Oil Stocks Oir price rise and confirming chart pattern makes it a highly probable trade with >70% profit target Longby AleksandrTeplitskiy4
REI short term swing opportunity break over upper resistance Ring Energy stock price broke through upper channel resistance line on a decent volume. Target short term opportunity price is $3.56 ( the width of the channel at the break point - very classical pattern) which also coincide with 50% Fab level AMEX:REILongby AleksandrTeplitskiy2
REI New 52 Week High*REI made a New 52 Week High *6 Month Long Base *Price above 200DMA *Volume picking up *Measured target for this move 6.30$Longby zhasan92hz114
Trade like Livermore, buy at the pivotal point7 out of 5 star pivot point setup. I should have entered this on Friday but I missed it. Its a 5 star setup. Put your stop super tight and generate r for yourselfby JamesMBee111
Ring Energy, Inc. (REI) bullish momentumWith the energy sector booming i`ve drawn a continuation candle pattern to what i consider to be REI`s price target, the $4.11 resistance. Looking forward to read your opinion about it. Longby TopgOptions4
REI - 100 bagger long idea First time doing this so give me a break - XLE sector breaking out so I focused on a sector sympathy play - leap calls might be a great idea. Shares are more manageable by JohnBullSqueeze110
REI is flaggingAMEX:REI is flagging nicely after it broke out of the head and shoulders pattern. Long the breakout, anticipated price action and targets are shown on the chart stop daily close below 3.6$. Hit the like button please if you find this useful :) This is only my own view and not financial advice, do your own analysis before buying or selling Happy Trading!Longby ChartoholicUpdated 2
REIREI formed a big double bottom and it also kind of formed an inverted head and shoulders pattern as well. It broke the neckline and is currently testing the second resistance line at $4.01. I think it may pull back to support around $3.30 before it moves up again. My alert is set for $4.20. Add to your watchlist and monitor the price action. I think in the long term it can reach $17 to $19 . I arrived at that price range by measuring the bottom of the head to the neckline.Longby blowe71
REI: Ascending Triangle (80%)Little update on my previous REI chart. Increased the target by 2% Ascending Triangle (80%). Not confirmed. Must break through 3.35$ resistance first. If confirmed: Price target = 6.11$ Stay humble, have fun, make money!Longby LeLaf0
$REI Bullish RectangleRing Energy, Inc., an exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. As of December 31, 2020, the company's proved reserves consisted of approximately 76.5 million barrel of oil equivalent. It also had interests in 18,712 net developed acres and 6,650 net undeveloped acres in Andrews and Gaines counties, Texas; 18,256 net developed acres and 212 net undeveloped acres in Culberson and Reeves counties, Texas; and 8,085 net developed acres and 24,830 net undeveloped acres in Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico. Ring Energy, Inc. primarily sells its oil and natural gas production to end users, marketers, and other purchasers. The company was formerly known as Transglobal Mining Corp. and changed its name to Ring Energy, Inc. in March 2008. Ring Energy, Inc. was incorporated in 2004 and is headquartered in Midland, Texas.Longby BADQOMOCAWGOWLD2
REI - good for a quick 6%RSI downtrend breakout, good till next resistance about 6,5%Longby boscodominiUpdated 0
REI Cup and Handle Fed_BeanLONG ENTRY 2.59 Average down 2.41 Cut 2.29 CUP AND HANDLE Longby FederalCase1
$REI Calls 5 Dec 17th, possible Return +494%Ring Energy Provides Encouraging Update on Northwest Shelf Phase II Development Program -- Successful 2021 Drilling Campaign Focused on Highest Rate-of-Return Inventory and Capitalizing on Higher Oil Price Environment -- THE WOODLANDS, Texas, June 16, 2021 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today provided an update on its previously announced program to drill and complete three wells (“the “Phase II Program”) on the Company’s top tier Northwest Shelf (“NWS”) acreage, targeting Ring’s highest rate-of-return projects in Yoakum County, Texas. The Bevo 664 C #2H well came online May 1, the Bevo 664 A #4H came online May 27, and the Bevo 664 A #3H came online May 30. All three wells started producing oil within three to four days of coming online, which is very encouraging in comparison to earlier wells drilled in the Section. During the last seven days, the three wells combined have achieved an average of approximately 300 barrels of oil per day per well. The Company’s working interest in each of the three wells is approximately 74%. Mr. Paul D. McKinney, Chairman of the Board and Chief Executive Officer, commented, “The continued successful results from our development program are very encouraging and re-enforce our confidence in the strong inventory of drilling locations on our NWS acreage. In addition to the strong production results, all seven wells in our Phase I and Phase II programs were drilled and completed on schedule and within budget. With the recent positive outcome of our spring 2021 bank redetermination, the increased flexibility afforded by our pivot to a more opportunistic hedging strategy, and a sustained higher oil price environment, we are actively developing plans for our Phase III drilling program that could commence as early as the third quarter 2021. We look forward to keeping shareholders apprised of our efforts as we remain squarely focused on maximizing free cash flow generation to best position Ring for long-term success.”Longby UnknownUnicorn192460154
$REI - golden crossOne of my favorite plays. Could occur today. My screener told me to enter last week. I took a small position that is up 3%. Let's see what it does. Longby katblat3
$REI Good Buy for the WeekHad a good entry after spotting oversold RSI, un-entangled MAs with good position of 15, 21, 50 and 200 MAs, a a good shooting start SOR. I'm watching this all-day today. If it breaks the resistance 2.84, I am seeing 2.91 as first selling point. Nonetheless, oil prices are increasing sooooo I may hold this further than just this week :D Longby Anjo1026Updated 551
Weekly Double Bottomabove 2.06 is targeting 3.60 as target of double bottom going through resistance of 3.31 as I see it Not Financial Advice or Recommendation But an ideaLongby ALHUSSAINAA1
Why $REI oil meme reddit stock skyrocketed?A Texas oil company that’s been the subject of social media speculation in recent weeks is seeing an explosion in trading of out-of-the-money call options, indicating retail traders are betting on another big jump in the shares. Ring Energy Inc. is an industry minnow, selling an average of almost 9,500 barrels of oil in the third quarter. It shares have doubled in less than two weeks. The frenzy is latest example of “meme” stocks attracting the interest of retail traders. The company has featured recently in numerous discussion threads on Reddit. Ring is also under pressure from its largest shareholder, energy investor Simon Kukes, to make changes. Ring didn’t immediately respond to a request for comment. finance.yahoo.comby AlenCiken4
REI BUY Swing Trading-W1 oblique resistance broken -W1 double bottom -W1 RSI divergence and neutrality zone broken -BIG volumes Wait an H4 retracement before buying in order to have a good timing, you can buy it at all Fibbonacci retracement levels. But i personally prefer to buy it in the 68.1% retracement in order to have a good risk ratio reward ratio. Weekly chart : Longby Lauran_Elizalde4