PED Price target $16Oil bulling out and so will small cap producers like PED
Breakout above $3 will trigger an upside target of $16 for PED in this symmetrical triangle.
PED trade ideas
Pedevco finding new lows. PEDThis one looks like a complex correction. Momentum dropping, overbought, X wave looking formation done.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Pedevco Corp also bearish. PEDDrawing a flat here post impulse, using Wave A to predict the outcome for Wave C with some reasonable goals in purple.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
$PED Harmonic Decipher patternPEDEVCO Corp., an oil and gas company, engages in the acquisition, development, and production of oil and natural gas assets in the United States. As of December 31, 2020, the company held approximately 37,068 net acres in the Permian Basin Asset located in Chaves and Roosevelt Counties, New Mexico; and approximately 11,948 net D-J Basin acres in D-J Basin Asset situated in Weld and Morgan Counties, Colorado. It had interests in 302 net wells in Permian Basin Asset; and 22.0 net wells in D-J Basin Asset. The company was formerly known as Blast Energy Services, Inc. and changed its name to PEDEVCO Corp. in July 2012. PEDEVCO Corp. is headquartered in Houston, Texas. PEDEVCO Corp. is a subsidiary of SK Energy LLC.
PED | InformativeAMEX:PED
I HAVE NO POSITION IN THIS STOCK, By request of a follower I published this.
INFORMATIVE, pay attention to key-levels.
It's in a box for a year, going no where, no matter how market moves, pure pump and dump or a long term accumulation for a huge run. I have no information about fundamentals, but technically, I see a break out happened 1st of October 2021, even on P/F chart it formed Long Tile Up alert that is very bullish, the volume is insane, and it looks very bullish to me, I expect a pull-back to 1.80$ as first target and 1.56$ area as second target, if it holds those prices and gain more volume, then cautiously we can open a position, maybe it plan to break out from the box. if it start running, it will be huge. it totally depends on the following days price action.
as you know this is micro cap company with 176m$ capital, and this year XLE, energy sector lagging from other sectors and I reviewed energy sector, I expect huge bullish movement on this sector. this is a good investment for ling term portfolio. this company outperformed SPY last year by 5% and outperformed it's sector in last 2 weeks.
this is not a recommendation, It's just a quick review of chart and basic fundamentals
PEDPedevco Corp (NYSEAMERICAN:PED) broke out of a consolidation range to the upside on heavy volume. I do not see anything until the 2.8-3 area. Indicators are also showing signs of recovery. Pullbacks are buyable.
mid term +3,600%PEDEVCO Corp., an oil and gas company, engages in the acquisition, development, and production of oil and natural gas assets in the United States.
$PED, looking strong to $2.40Today's candle officially crosses the previous bullish trend, the stoch is cross in the oversold zone and the momentum has some strength. We think this one is going to $2.40 or so. We are playing it
PED to Acquire the SandRidge Permian TrustPED Delivers Open Letter to the SandRidge Permian Trust Regarding an Indication of Interest to Acquire the SandRidge Permian Trust and Underlying Assets.
SandRidge Permian Trust is likely to be delisted from the New York Stock Exchange and be dissolved with its assets liquidated in less than a year.
The best way for current holders of Trust Units to have a chance of salvaging, retaining and growing their investment is through the trustee of the Trust, through the issuance of PEDEVCO common stock as consideration for Trust Units.
Potential transaction could result in holders of Trust Units gaining ownership in a larger underlying asset base as well as potential for future price appreciation.
Dr. Simon Kukes, similarly saved PEDEVCO from near-certain delisting from the NYSE and being taken over by its creditors, completely turning PEDEVCO around to emerge as the strong and stable company PEDEVCO is today.
finance.yahoo.com
$PED PEDEVCO Corp Upside target PEDEVCO Corp. is an independent energy company. It engages in the acquisition, exploration, development, and production of oil and natural gas resources in the United States. The firm primarily focuses on oil and natural gas shale plays, and conventional oil and natural gas plays. The company was founded by Frank C. Ingriselli on February 9, 2011 and is headquartered in Houston, TX.
Plan for PEDSGap up
1. if below 3.20, i prefer short the stuff at 3~3.20 risking off high
2. if above 3.20, i prefer long the washes or wash and reclaim of 3.20
3. if above 4.00, i consider extended and would rather look for short from 4.00~4.20 risking off high
Gap down,
1. if above 2.60 , look for any pop towards 3~3.20 to short stuff. risking high
2. if below 2.60, look for pop towards 2.60~2.80 to short stuff, less size
3. if reclaim vwap and hold around 10+, consider long
Stay within Range
1. if stay within range, i will be reactionary and look for stuff for short or vwap hold after 10 for long. Prefer short more due to consolidation area between 2.60 ~ 3.20
5th Trade: The Flag on PEDThe 5th trade for the challenge was the purchase of Oil and Gas stock Pedevco (PED). Paying down its debt and a new CEO taking the reins helped drive gains last week. The reason i chose the stock was due in part to the strong Bullish Flag formation and a confirmation signal on the AlphaR strategy.
Trade Details
09/07/2018 15:30 09/07/2018 Buy 150 PEDEVCO CORP@1.83 USD (US70532Y3036) Pedevco Corp USD -274.50
This leaves a very small balance left in the account.
Bullish signs..the momentum is above zero and rising, the macd is rising the strength index still is strong and todays high is smaller than yesterdays with lower volume. . it looks like this might be a good buy for tomorrow.
