KMI trade ideas
KMI - Kinder Morgan Swing Trade
Kinder Morgan, is one of the largest energy infrastructure companies in North America. The company specializes in owning and controlling oil and gas pipelines and terminals. Kinder Morgan owns an interest in or operates approximately 85,000 miles of pipelines and 152 terminals.
As winter approaches, supply chain issues begin to resolve, holiday season is near, expect major energy usage and KMI to go up from this more than fair price.
RSI is showing now is an ideal entry, and Squeeze Indicator is showing good upward momentum
KMI: You will NOT regret it-If You Buy NowKinder Morgan is an Oil & Gas Midstream.
The company is very solid, with profits and great dividends.
They pay a dividend of 6.38%
Dividends of 0.27 per share were distributed for the previous quarters.
Only the first target is 14% in this trade.
Targets:
19.20
21
22.30
Thank you and Good Luck!
Leading diagonal for $KMIPitchfork looks good with the first two pulses staying within range.
First waves are not Elliott impulses because 4th wave corrects below the top of the 1st wave. Instead it appears to be a leading diagonal for the 1st o 5 waves. Price target o 16 before a retraction to the second wave.
Price Target of 25 by Summer if trend stays inside of the pitchform. Biggest concern is that wave 2 breaks out of the pitchfork, but if it bounces then the rest should be ideal.
Set Stop loss at the bottom of Wave 2.