$SRE Potential Bearish Reversal on the Quarterly Chart$SRE is showing a potential 2-2 bearish reversal with a strong shooter candle.
Lots of room left within the quarterly magnitude giving us a strong risk to reward ratio.
SRE
SRE - To Short Energy Company when Energy Prices Rising?Although the world is clearly experiencing energy supply shock and the prices for oil and gas are exponentially rising is it possible for Sempra Energy , producing electric and gas infrastructure to sink?
Fundamental indicators:
Revenue and Profits - not demonstrated consistent long-term earnings growth over the past 10 years
Profit margin - impressive 33% in 2021 but is it going to be as good in 2022 with looming recession
P/E - extremely overpriced at 40x
Liabilities - no problems with debt
Technically:
The correction of March 2020 was formed by a rapid motive wave and more precisely by a zig-zag
Since then the bull run which has culminated in April 2022 was very choppy and very unlikely to be an impulse or ending diagonal
This means that it was a complex wave B of the overall Running Flat correction and another rapid impulse like correction may now take place
In this scenario wave C is normally of the same amplitude as wave B hence the target of $99
Do you think it's possible for Sempra Energy to drop by 70% before the new growth cycle begins?
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.
Thanks
SRE: Upward range breakout.The range resistance level could be broken higher with the minimum target level around 147. Long term target could be higher. Especially if the global maximum is broken. So far, the situation with energy prices is quite good.
$SRESRE made a Cup and Handle Pattern in the daily chart and a symmetrical triangle in the weekly chart.
If it could make a successful breakout from the neckline we could expect it to reach around 160.
SRE Long ideaSRE. I like this trade. The energy market is heating up. OIL is moving higher which will drive this sector. Not the curling higher MA's on the 4 hr chart. The price is above them all. This is a good looking chart. I'd set my stops at $111, and 1st target at last significant high around $123. I also took a position in 3x GUSH.
HKHK is in the energy sector. I am not real bullish on the sector, but some stocks have sold down. Mostly the drillers. HK appears to be in the middle of a bull flag. A bull flag should move higher to test the upper channel again ($1.17), as indicated bu the GOLD bars on the chart. The best outcome would have oil move stronger higher allowing the AB part to be copied on the CD part of the chart. If that were to happen a target of $1.80 could be expected.
