GTE consolidating above $0.60Simultaneously with the WallStreetBets GME short-squeeze -- but perhaps not necessarily due to said collective -- GTE rose close to a $1.00. Trading was subsequrntly limited on at least Robinhood to selling. Notwithstanding, we are currently above the $0.60 mark and consolidating.
The next levels for us are the ~$0.695 mark. Beyond that, we're looking at the ~$1.00 mark once again. Crude Oil futures are gaining and might affect the sector on the whole.
GTE trade ideas
GranTierra (GTE) to rise to $0.59?We're currently meeting resistance at $0.42, and $0.45. Once we're clear of $0.45, $0.59 is the next point of resistance. There are 2 ways in which we could get to this point:
1. in a week: if commodity prices keep rising in the face of increased inflation expectations, we'll blow past $0.45 to $0.59 in a week.
2. in late March: this is the more conservative path for the market
Alternatively, we could also continue trending sideways until late January providing ample opportunity to buy more in the $0.38 - $0.41 range, however, since the last 2 trading days were in the green, we're probably going to see 1. or less likely (IMO), 2.
$GTE Small-cap Only Above 0.5 the target near 1.2 Indicators moving better than others but its linked to Oil $WTI
Gran Tierra Energy, Inc. engages in the exploration and production of oil and natural gas in Colombia and Ecuador. It holds interests in the assets located in the Middle Magdalena Valley and Putumayo Basins. The company was founded on June 6, 2003 and is headquartered in Calgary, Canada.
Small Spike | Andrew AponasDisclaimer: thank you for taking your time to look at my idea please understand that I didn't publish it to influence your decision to invest your money and void myself of any responsibility towards your investments.
Note: I am simply trying to increase the coverage that the company may or may not have by publishing an optimistic guess I don't know anything about the company I am publishing the idea about, I haven't done any research on the company, I don't know what it's operations are, or if it's profitable.
Tip: Check WSJ.com or another professional service if your looking for something you can't find here.
Thank You, +AndrewAponas+
Gran Tierra Energy - Strong Buy Recommendation - Outlook Bullish5 of 6 trendline indicators show short to medium term bullish momentum.
Since May 27th , 2018 - Range bound indicators gapped up from a range a range of 4.48 to 3.79$ per share. The resulting new bullish wedge, shows a range of 4.85 to 4.42$ per share. By weeks end the trends will narrow to between 4.89 to 4.47, bullish in nature. This is supported using our 52 point analysis. We are confident with high probability, another gap up is likely before 2018-07-17. There will be major resistance on route to the gap up. The expected resistance is 4.77$ per share, here you will find a lull period, lasting some 4 - 12 days. Ultimately, for short term day traders, I am 100% confident, you will see 4.77$ per by Friday this week. You should begin to see a pull back - range bound 5.47 to 5.32$ $ per share. This would likely stop around 4.91 - 4.73$ per share, before the need of being reassessed. The indicators do not take in account future changes associated with WTI prices. Keep your ears tuned in for news that would leverage or down play these trends. We have a 50/50 probability of 85$ WTI barrel before summers end, 20/80 of 80$ per barrel WTI and 10/90 of 78$ per barrel by summers end. Simply put, any investment right now into Gran Tierra Energy (GTE.TO) will return you a short term 5.3% by Friday this week. Based on future outlooks on WTI pricing, you can bet most news releases in the short term will be bearish for OIL. I do recommend a hard buy for this stock at the current sp.
Simple Trading Techniques – BULLISH Strategy
Go long the IEC if it trades at 2.62 or higher. If triggered, place your stop at 2.45 and exit the position for a profit at 2.68 or at your own discretion. (Signals are valid for today only. Always invest wisely).
Learn the rules of a strategy at: www.udemy.com
Simple Trading Techniques – Bullish Strategy
Go long the GTE if it trades at 2.78 or higher. If triggered, place your stop at 2.53 and exit the position for a profit at 2.92 or at your own discretion. (Signals are valid for today only. Always invest wisely).
Learn the rules of a strategy at: www.udemy.com
Simple Trading Techniques – Pullback Candlestick Strategy
Go long the GTE if it trades at 2.82 or higher. If triggered, place your stop at 2.63 and exit the position for a profit at 2.90 or at your own discretion. (Signals are valid for today only. Always invest wisely).
Learn the rules of this strategy at: www.udemy.com