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Oilfield

Liberty $LBRT falls past first previous low stop; SUPPORT?!$LBRT re-tested a previous trough @ 6.44. It found some good support at that line, but it is now starting to dip below it. We are thus targeting 5.6/s as the rough area for it. Considering a top out was previously called at 10.44... this is a 100+% ROI on a mega-long-swing. That said, be patient w/ entrance and also with exit -- if you like "quick results," this isn't your play. See also the related idea wherein these entry points were first charted (more of a Proof than any reason to really read it - most of the same things were just said here, but it's an update). HAPPY TRADING, Bears & bulls! (I am a bear today anyway) -BDR
NYSE:LBRTShort
by BDRTrigger33
Could LBRT re-test Lower regions? Target Entry-Points (BEARISH!)Liberty and the oilfield industry is taking a hit: This looks at two previous dips that could be realized soon. We will be watching to see if LBRT gains support at any junctures and figuring out some support lines later in the trading week. This is mostly a willfully cautious projection of two dip points that would make GOLDEN entry points to $LBRT to swing a LONG after that. It has failed the support a VERY strong trade channel previously established - that said, **many** positions are showing similar trends so it's tough to ignore the overall action in the markets. 6.44 and 5.61 are NOT inconceivable with an overall market crapping, at least not in this trader's opinion. Even at that type of nadir, the target would still be 9+ on an (eventual) recovery. -BDR
NYSE:LBRTShort
by BDRTrigger33
Liberty LBRT showing enough strength thru COVID Correction "SZN"Liberty has been rising while OIL has found a massive resistance over 40/bar. In the period oil has traded sideways, $LBRT Has rose: This is an overall very good sign. Ultimately, the oil must return to 60+ per barrel but it is nowhere close, and the entire oil trading industry lingers in this cesspool created by a pandemic, a scare of impending crisis - and many buy-points on oil and oil-related stocks that have just sprung up in circular and cyclic fashion as always. Pitting these charts together does tell a story. See also, related idea Re: OIL vs LBRT's potentially GOOD earnings report! -BDR
NYSE:LBRTLong
by BDRTrigger33
LBRT Fracking Its Way to the TOP of niche-industry: BUY, LONG.I could spend time pouring over the harmonics of LBRT, and in the past, certainly, we've done so here. No real sense even peppering this later w/ the links that proliferate my page (Particularly for HAL, its sister - rival, stock. There's enough LBRT talk too). Today isn't that. Today is to say that LBRT's recent strength through a very tough time for USOIL and its prospects, is a flashing a rather clear BUY NOW window. It is barely sub-8/s, and it won't stay there. The recent fracking acquisition-merger (Schlaumberger is close to the spelling or something, forgive me LOL), the overall feeling: Is that dumping HAL, SOI, other oilfield companies...to 100 percent divert the funds into LBRT is fully smart. That sounds a lot like advice, but it's actually not - It's just this trader's plan. Disclaimers aren't necessary, but they don't hurt. LBRT to the moon. Take profit is beyond 10 per share at least, and that won't even be prospected until it's closer to that mark. But do what thou'st may - and GL To any & all. LBRT is wagering fracking has some fracktatcious profit still to be exacted, are you not? -BDR
NYSE:LBRTLong
by BDRTrigger33