1D trade ideas
D is ready to break throughChart tells all. Bullish divergence on RSI and MFI. Break out has higher than average volume and OBV confirmation. It's just a matter of time before this thing rips towards the upside.
Preemptive StrikeBought 200 shares of D
I already have shares of SCG
So, when the Merger happens = I will have More Shares of D
Could This The Bottom For Dominion? 3 down moves Here.
Upside potential is a small 8-9% up to the $80.00 Mark.
See you guys in a few weeks/months for an update.
Dominion Target set to $80.00 Cheap shares around $75.00
By end of Q1, this stock should reach $80.00 in my unprofessional opinion.
Long Triggered at WK/MN DemandNot sold on this one because of 3M bearish candle forming but WK demand is too good to pass on.
$D Buying PossibilityThis stock shows very nice supply and demand pricing. We seem to have hit a daily/weekly demand zone after the gap down.
The % for this stock/potential upside isn't as high as others, but something to diversify your portfolio if you haven't already.
Cheers.
Long DNice wedge forming on D. Clear long-term resistance on top line with increasingly higher lows. Go long D planning for an eventual breakout and big run to new highs. D's high dividend yield makes for good carry on the trade, so worth holding and waiting for the breakout. Set stop at 70.
D's Possible MovementsHere on the chart you can see the Support & Resistance lines which I have indicated and the targets I have if the market goes either of the ways. There is still no confirmation of where the Stock is going. Thanks.
Dominion upward trend for couple monthsThe price is still in correction stage after post income and people are undecided. However, dividend is increased by $0.05 compared to last year and it is almost dividend date. This should push the undecided people to buy. Also I notice recently energy and natural gas company price dropped but this does not and I think this is the lowest for these few months. I should go up to $75ish before ex dividend date 3/1/2017 but may go even higher afterward. Even if it drops before or after ex-dividend date, the following month or two will be followed by a upward correction and break even at the worst case in 2 months from now. I am predicting this move base on the past waves especially the MACD line. If MACD blue line can hit zero it will continue to go up! Estimate >4% increase in price in 1-2 months.
74.50 Important Level For Utilities TradeI entered APR 75 $D calls as a hedge to my $XAUUSD short and a "Dour Janet," ahead of the FOMC chair's speech last Tuesday.
Full trade set-up here: www.basementmacro.com
The trade worked fantastically with the options returning 175%, as of Friday's close. I opted not to close the position because (1) the trade was working (2) I completely missed the sell signal at 75.50 and (3) the "Utility Trade" is a good hedge against slower growth concerns - which, I think should abate.
With this morning's pullback below the weekly bullish trendline support, I added a few more calls to my position. If we see a breakdown below the monthly bullish trendline support, I'll bounce from the trade. Otherwise, a bounce off this support should lead to a retest above $75, with a target of $76 - Yes, I know it's only 0.50 above the prior sell signal. I wouldn't suggest opening new longs, but if you're already in the trade, I think you may have another opportunity at $76 to exit.
Yesterday's patternIt is not a hanging man (The body is to large.). But it is an engulfing red candle. This promises a correction at least.
Dominion: Shorts Anticipated At Action LevelFriends
Shorts expected at, or around this range, bearish engulf at the action level gave us the immediate sign of bear presence, looking for more downside tomorrow to find an entry
-68.70's will serve as a bearish confirmation for me. (Providing intraday pullbacks give me an entry obviously)
Best of luck!
Tom
$D, and the liquid natural gas marketDecided to take another look at Dominion's chart after not seeing it for months. They've had some tremendous growth since 4Q '12, and the liquid natural gas scene is still very young in its stages. $D has been having some sideways price movement for the past 31 trading-days, which is common for its trend. I firmly believe that Dominion will continue to grow, and that's why I'm putting this idea as a Long. Today's candle is a Doji, completing the Harami, which is usually a reversal sign. Now, since $D has been having sideways price movement I would look for this to breakout tomorrow; RSI shows a good trend from this last leg (since sideways movement started 31 days ago) and we have convergence (almost!) on the Macdee. Considering the market, the trend, and the indies: I see good things coming. Happy Trading!
