Long
WPX long
This energy company:
- ran up from its lows
- consolidated at resistance
- is now breaking out of that consolidation
- is showing a large inverse H&S (parallel with Oil)
Long position from $12.10. 10% stop, a little below $11. I'm a little late from breakout so my risk is slightly higher, but still <1% of account. Already rose to $12.19 as I wrote this.
First target around $15, but most likely will just track the Oil cycle.
My other energy positions (all green) that I neglected to post are
ERF @ 6.82,
CHK @ 5.71,
OAS @ 8.59 & 9.15,
BTE @ 5.12
- ran up from its lows
- consolidated at resistance
- is now breaking out of that consolidation
- is showing a large inverse H&S (parallel with Oil)
Long position from $12.10. 10% stop, a little below $11. I'm a little late from breakout so my risk is slightly higher, but still <1% of account. Already rose to $12.19 as I wrote this.
First target around $15, but most likely will just track the Oil cycle.
My other energy positions (all green) that I neglected to post are
ERF @ 6.82,
CHK @ 5.71,
OAS @ 8.59 & 9.15,
BTE @ 5.12
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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.