KEY - Head and Shoulders Potential Move -ve 38% I own this stock, and I'd prefer not to sell, I have to accept that price can move on technicals if there is a catalyst. Could be some tax-loss harvesting, vaccine troubles, insert reason here. RSI showing bearish divergence. Would prefer that the neckline is tested in the next month or so, at 20, which presents a good buy price to add, of course with the yield climbing as the stock goes down and if it goes down, anywhere between 18-22 is a sweet spot for my account as long as price does not collapse and the fundamentals remain decent. If the neckline fails to protect this stock can go all the way down to 15 and change which would represent a measured move to complete the head and shoulders pattern, and something bad happening (excuse). Also earnings report in February can potentially cause some volatility here.
I will have to look at other midstream companies to determine if this is an outside case for the industry. If it is systemic, then I might be seeing something similar with other names, ENB and PPL. Oil and Gas have done quite well in the last month and a half, so if the trend continues this will only be a pattern that does not manifest most likely.
