Long-term downtrend in Master Limited Partnerships
MLPA price action suggests midstream energy MLPs may be developing a new uptrend.
Note
Squeezing up to resistance at $44 (3/1/2023)Note
Hit $44-ish for fourth time in 13 months... still squeezing (7/20/2023)Trade active
New 52-week high as price closes in on $45Trade active
Resistance level broken.Next likely resistance level between $48-$50.
Note
Beyond $50, next resistance level at $60-$63.Trade active
$46 brokenYield is still over 7.5%
Order cancelled
Broke Below TrendLooks to retest $43-$44
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.