Gush
𝗖𝗿𝘂𝗱𝗲 𝗨𝗽𝗱𝗮𝘁𝗲: $CL_F Daily. Break of 42 was NO joke ..Needs to bounce here soon otherwise may go straight to 17-18 area
CRC on fire. Will see 11 soonBuy with all hands. ER coming and huge debt restructure happened today. Good volume. This is $30 stock but being resonable and targeting 11-12 near term
GUSH Long IdeaThe price of GUSH is finally moving sideways instead of down. The price is being supported by the lower long term trend line. Very high selling volume, maybe reaching an end. I still don't have a buy signal for GUSH yet but its close. What interests me is the BUY signal I got in USOIL . If OIL moves higher, and it appears as if it is, can GUSH not be far behind?
Oil at 65 by summer. hold your breadthI dont see oil going above 65 unless some major event happens. If crosses 67 then its a breakout and oil can goto 100 as well. But who the F care so much. Play for next 3-5 months only.
𝗖𝗿𝘂𝗱𝗲 𝗨𝗽𝗱𝗮𝘁𝗲: $CL_F Daily. Recession WarningLoses 50.51-51.00 support area and recession closer than many think
GUSH Long ideaIf you have been watching oil and the energy sector you've seen quite a decline lately. It could be that the energy sector bottomed 2 days ago. Look at that lower trend line. touched several times and very nice gains after ward. I would be willing to bet the bottom is in for GUSH. I usually like to wait to see the price regain the 10 sma and get above the supporting moving averages. BUT, if your brave. A low risk setup because you can set your stop at the recent low.
Hoping for a bounce soon XOPthis has ruined so many ppls life including me. It needs some reversal now
GUSH [NYSE] Direxion long.All description on the chart.
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Energy; The Contrarian PositionEnergy is now historically low in regards to it's percentage allocation in the S&P 500 components.
Likely going to build a long term position if we reach the target, likely early 2020
XOP 3x levered GUSH is trading in the $2's haha... going to need to split soon
Corner Trade 14 X RISKThis corner trade has now revealed itself. With a clear wash and rinse into structured support. Waiting for price to come back into a buy order and a structured stop below. This proposed trade will offer 14 X return to risk levels.
Buy order set at 2.64 with a current stop of 2.45
Current Targets Selling 50% of position at each are:
Target 1 at 4.52
Target 2 at 6.22
Expected Profit: 2.73
Loss: -.19
Risk/Return (2.73/.19)= 14.37 X
It might be time for Oil and Nat Gas to turn: Watching $GUSHGUSH Reversal?
An idea I'm considering but its a bit complicated to trade this one. 3X ETF containing a bunch of nat gas an oil stocks. Very high correlation with XOP. Watch out for decay if you plan to hold. HONOR YOUR STOP and don't be greedy yet.
Here is a screenshot of the 3 tickers shown in the idea cart.
i.imgur.com
Oil (/CL), Nat Gas (/NG), and XOP have all been in sold downtrends for quite some time now. We are entering winter (elevating factor). Trade tensions are reaching a breaking point (over reaction might be ending, new reaction could come soon). Gush has slowed its decent and is possibly reversing along with 3 other key charts.
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Messy Oil Messy Chart! WHats in the cardsI posted recently the neck was broken on oil. The bears made out big! Now Bulls it looks like it is your turn. Volatility. I see $57-$58 for the bull run let's see! See my posts below to see the current Geometrical Frequency of Oil.
-Coach Reeves
