W1MB34 trade ideas
WMB - Pullback within trendTook entry here Jul 18 after WMB closed below the 9 - first time since Jun 23 - and took out the Jul 18 O in the opening bars. Looking for a new SH here over $34.25. Thirteen days to earnings so plenty of time for this to print a higher high and test that DTLR around $34.65. Volume has been below average on this pullback suggesting not a ton of sellers here; just a round of profit-taking. And it could last into earnings. we'll see.
WMB - Breakout StructureWMB has reached the top of a down channel at this point it will either break out or break down
I am favouring a break out due to the larger structure on the weekly chart which you can see for yourselves if watching this ticker.
Diagonal double bottom along the thin green line allows for a breakout of the entire down channel.
This double bottom is also supported by the dotted line which can be seen as a strong support line.
WMB - TRIANGLE TREND - TP128.97Diamondback Energy Inc . (FANG) Prediction
Pioneer Natural Resources ( PXD ) Prediction
Plug Power (PLUG)
Williams Companies ( WMB )
REASON: The world is changing the way energy is produced, and changes in consumption patterns related to the pandemic have only accelerated the changes. Production with less carbon and no carbon is increasing, so look for companies that can gain from their contributions to California's new electric vehicle mandate. In addition, I looked at energy stocks that offer above-average dividends to help boost other sectors in my portfolio and may be good buys with today's discounts, but they need a longer lead to show returns at more normal levels.
$WMB - power move through down trendThe trend is your friend.
This is in a sector seeing rotation.
It had a power move and broke through the nearly 3 year down trend
Could have moderate gains for 1-3 months.
Also considered a reopening play and an industrial play.
always set a stop loss that makes you comfortable (5-10%)
Target 15-20%
WILLIAMS COMPANIES Estimates DailyHey guys, WILLIAMS COMPANIES is in a large buying volume bullish surge compared to lately, despite its it continues on its rise. Great likelihood of going in the direction of the last highest point and starting again with the contained decline of the large volume of purchases executed at will.
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