SELL NATURALGASGood morning traders!
Haven't posted in a while since I took my time to teach the new guy I started working with, I'm sharing with you today my trade on NATURALGAS which is a short one.
Sell and set TP and SL at your own risk!
For more questions don't hesitate to ask!
Energystock
Recap of my trade for today on CL1!
Good morning and good afternoon dear traders!
Today's trade on CRUDE OIL was quick since we got an early squeeze on the chart and we closed to take our profit on this market, we're still holding our positions on NATURALGAS and ZB1!.
For any questions or markets to analyze leave a comment below!
SELL NATURALGAS Good morning traders!
This morning I'm sharing with you the trade my clients and I got in on NATURALGAS, I used to share the CL1! but since it's already on the move I'll keep waiting for a new trend to begin.
Well, as you can see the price was consolidating before breaking the channel, once it did with a high volume, it decided to come pull back on it, if you're already in you can add another position.
MPC - Rising WedgeOn the chart, we can see a rising wedge holding its support, which we expect a breakout of.
Overall, the energy sector have been performing extremely well during the last year, as a result from the Ukrainian/Russian war, but has been dumped big time during the first quarter of 2023, and we therefore expect the rest of the stocks from the sector to follow this trend - including MPC.
Both RSI and MACD are showing bearish indications.
Keep in mind that the shown target is based on technical analysis only, and further downtrend is possible.
ET Energy Transfer Options Ahead of EarningsLooking at the ET Energy Transfer options chain, i would buy the $13 strike price Calls with
2023-4-21 expiration date for about
$0.80 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Alantra is Leading the Charge in Sustainable FinanceAlright folks, let's talk about Alantra, the Spanish financial company that's making some big moves in the sustainability and energy sectors.
They recently made some key hires that really demonstrate their commitment to these areas. They brought on Francois de Rugy, a former French politician who's an expert in environmental, social, and governance issues. He's going to be a senior advisor, bringing his knowledge and experience from serving as Minister of Ecology, Sustainable Development, and Energy in the French government.
And that's not all. Alantra also hired Nemesio Fernandez-Cuesta, a former Spanish energy secretary, to serve as a senior advisor on energy-related transactions. This guy knows his stuff when it comes to the energy sector, having previously served as Secretary of State for Energy in Spain.
These hires show that Alantra is serious about sustainability and energy, and they've got more than 65 staff working in these areas, including ESG analysts, impact investment professionals, and sustainability consultants. They're well-positioned to take advantage of the growing demand for sustainable and impact investments, and they've got a diversified business model that includes asset management, investment banking, and wealth management.
Overall, if you're looking for a company that's making moves in the sustainability and energy sectors, you might want to keep an eye on Alantra. They've got some serious expertise and a strong market position in Spain and Latin America, and they're well-positioned to capitalize on long-term growth trends in the financial services industry.
OXY - Great setup
NYSE:OXY - Elliott wave Analysis
Warren Buffet bought OXY in Q1,Q2 and Q3 of 2022. We can't all be Buffets but a a good setup might be in place right now.
A clear upward impulse wave starting in October 2020, with an extended third wave that reached its peak on May 31, 2022.
Since then, we have been witnessing a period of consolidation in the form of a retracement wave (4). The sideways movement of the price is characteristic of a triangle pattern.
Triangles are a slow and sideways movement that indicate a balance in the convictions between bulls and bears. They are only present in waves 4, B, and X, preceding the final wave of a sequence.
The eventual outcome of a triangle pattern is a wave 5 of the impulse sequence, also know as the post triangle thrust. The good part is that we can calculate this post triangle thrust.
In terms of Fibonacci retracements, the current retracement of 0.236 in wave 3 aligns with the second most common Fib retracement for wave 4.
It is important to note that triangle patterns can be difficult to trade. Why because in this case the triangle can take the form of a B wave at a larger degree than fall in wave C finishing the correction. than moving up in wave 5 of the larger impulse wave. This may not be relevant in the current situation, however, it is important to exercise caution and keep this in mind."
When they conclude though, they result is the post triangle thrust.
ConclusionGood upside potential at least to $74 level 13% increase from the current level. There is also another energy stock with the same wave count NYSE:PXD this time with a dividend yield of 11 %.
Legal Disclaimer: The information presented in this analysis is solely for informational purposes and does not serve as financial advice.
Is Solar Integrated Roofing (OTCPK: SIRC) an undervalued stock?Solar Integrated Roofing Corp (OTCPK: SIRC) stock gained 27% on February 2nd and saw a total gain of 100% in the last one week.
The company announced a $25 million drawdown term note from an institutional investor with a 6% interest rate and a 5% discount.
The CEO believes the term note and cost control efforts will help optimize operating cash flows and profitability, leading to sustainable, long-term value for shareholders.
Solar Integrated Roofing Corporation specializes in solar roofing systems and has seen a significant increase in sales and net income in recent quarters
$SLB : outperforming stock in strong sectorSLB consolidating inside an ascending triangle with possible breakout to ATH (all time high) levels above $56
Shrinking Volumes with price in consolidation showing base formation for breakout to higher levels
SLB is an outperforming stock in a strong sector $SPN
Potential Bullish Triangle in ChevronEnergy stocks have been holding their gains of the last two years following a pullback in early December. Now one of the biggest names could have signs of resuming its uptrend: Chevron
The first pattern on today’s chart is the series of higher lows since December 16. CVX probed the December 27 close near $177.50 several times during this period. The result has been an ascending triangle -- a potential bullish continuation pattern.
Next, prices are back above the 50-day simple moving average (SMA). That may indicate buyers are taking control over the intermediate term.
Third, you have some short-term signals: MACD is rising and the 8-day exponential moving average (EMA) has crossed back above the 21-day EMA.
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RUN away as fast as you canSometimes you get a trade idea that gives you both fundamentals and technicals coming together. I think this is one of those.
RUN Technical Thesis:
With the primary thesis on this trade being the fundamental story, it's nice to have some technical confluence here.
✅ Bare minimum I see this coming to a 61.8% fib retracement giving you PT 1.
✅ Head and shoulders pattern giving you a measured move for PT 2.
✅ Price target 3 will be your 2017 lows.
RUN Fundamental Thesis:
Sunrun has the largest market share in the Residential solar sector. 1/3 of all residential solar is in California and in April 2023 they are implementing NEM 3.0. What is NEM? NEM (Net Energy Metering) is basically the incentives that the state gives when you generate excess power. Under NEM 3.0 the savings will be more than cut in half - making it much less enticing to install solar. On a cash install your $18 power bill goes to a $96 power bill.
So why Sunrun? They're the leader in solar residential, right? They've gotta be killing it! They have massive revenue growth and look to be net income positive, right? Yeah, but their COGS are growing faster than their revenue growth.
Enter their cash flow statement. This is what made me pick RUN for the short. One big thing stuck out to me in their cash flow statement. The cash from investing activities section is where you would put acquisitions, general capex, etc. Within that subsection you have Purchase/sale of business, net. You want to see a growing company making small acquisitions, but Sunrun has a large and growing sale of business/fixed assets.
I brought this to my friend who is far more versed in financial statements than I am. His response was, "it’s bs for that company they are selling assets to try and stay alive."
Also, their balance sheet. 1B in cash on hand vs almost 7B in debt. How do they pay that off if they can't break even and make money? They raise capital by issuing shares, further diluting your share of the company and lowering the stock price. like they've been doing since 2015. From 101M share float to now 213M share float - meaning if you had owned this company in 2015, the percentage of the company you now own is less than half of what it was.
The play: shorting shares of RUN.
✅Take Profit 1: $14.06
✅Take Profit 2: $8.81
✅Take profit 3: $4.81
🛑Stop Loss: $34.64
A closer look to XOMPrice is turning around and is heading to test the support level at $108 for 3rd time in less than a month. Oil is dropping and dragging energy stocks into a hard correction. I have a short position and I just bought some puts expiring on 01/01/23. I think is going to test the $108 support level for 4th time and then break it out. See my previous post lines below.
Energy Simple Chart AnalysisEnergy - Market recent rise seem to have favour the commodities too. Perhaps we all can take a look into our klse energy index. Once this pattern complete, it will set towards the next resistance 854 area there to complete the rounding bottom pattern. Individual may monitor Hibiscus & Dayang.
LNG ( Natural Gas ) Breakout from Cup and Handle LONGThis is a classical chart pattern. The bullish continuation would be
expected to be about $25.00 of upside given the height of the cup.
The short time MAs have crossed the intermediate MA from underneath
in a "Golden Cross" while positive momentum just started on the
squeeze indicator. Fundamentally this makes sense with the
winter heating season and the energy sector the best performing
this year. I will choose a Feb 23 call option 15% above current
price.
ina
Pullback in SchlumbergerSchlumberger broke out to new multiyear highs last month, and now it’s pulled back.
The first pattern on today’s chart is the June peak of $49.83. Strong quarterly results drove the oilfield servicer through that level on October 21. Two retests occurred in November, but it held both times. Has old resistance become new support?
Next, SLB is currently trying to form a bullish inside week. That could suggest prices are squeezing before a bigger move occurs.
Third, stochastics are back near an oversold condition.
Finally, energy remains the top-performing sector in 2022 as crude-oil inventories dwindle. That may keep investors engaged into yearend.
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This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
CEIX: Triangle breakout!Consol Energy
Intraday - We look to Buy at 68.04 (stop at 64.15)
Broken out of the triangle formation to the upside. This is positive for sentiment and the uptrend has potential to return. The measured move target is 79.00. Dip buying offers good risk/reward.
Our profit targets will be 78.87 and 85.00
Resistance: 79.00 / 85.00 / 90.00
Support: 68.00 / 58.00 / 40.00
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Can Anything Stop Hess?Energy remains the top-performing sector this year. Today we’re focusing a member of the group with potentially classic breakout behavior: Hess.
The first pattern on the oil and gas stock’s chart is the is the October 26 surge above $137. That was the previous all-time high from 2008. A move through that level suggests old resistance has lost its relevance.
Second, it just completed a bullish inside week. That tight price action after the jump may help confirm the breakout.
Third, consider the 4-1/2 month consolidation period between mid-June and late-October. New highs following that pause could potentially draw buyers from the sidelines.
Finally, why did HES jump above $137? The answer was better-than-expected earnings and revenue amid strong production. Another potential catalyst is the company’s 30 percent stake in Guyana’s Stabroek Block offshore field, which also had more discoveries late last month.
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Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
10/23/22 SMSM Energy Company ( NYSE:SM )
Sector: Energy Minerals (Oil & Gas Production)
Market Capitalization: 5.455B
Current Price: $44.50
Breakout price trigger: $45.50
Buy Zone (Top/Bottom Range): $43.30-$39.70
Price Target: $54.30-$55.60
Estimated Duration to Target: 62-66d
Contract of Interest: $SM 1/20/23 50cTrade price as of publish date: $3.70/contract