Bullish Momentum - #ProfitingMe#HES +5.95% yesterday. The share price is expensive 57.71. It is bullish, but there is always the risk that it could drop for a second peak.
It could take out the supply level.
Thank you
Girolamo Aloe
1HES trade ideas
HES continuation of Long- MACD Timeframe Indicator (12, 26, 9) Hourly and Daily Timeframes showing bullings patters as both are > 0 and MACD > Signal Line
- Ichimoku Indicator pointing higher with Kijun Sen above the Kumo Cloud and Price above the Kijun Sen
HES Long continuationHES Daily Chart has an RSI hovering around the 60-support level.
HES Intraday chart, look for bullish price action with Kumo Breakouts for entry (1 min, 5 min, 15 min)
$HES Bullish movement on 5-min chartPrice continuation through the Ichimoku Cloud on the 1-hour chart on HES. Tenkan-Sen above the cloud and above the Kijun-Sen. Look for oversold signals on the Stochastic for entr [ /image]ies or support along the Cloud
HES -- POST EARNINGS HIGH VOL PLAYWith a dwindling earnings calendar and some buying power to put to good use, I'm looking to go where the IVR/IV takes me. With an IVR of 74 and fairly decent IV of 43, HES popped up toward the top of the Dough "Notable Stocks" grid (sorted by IVR).
Here's my set up:
Dec 24 51/68 Short Strangle
POP%: 75%
Max Profit: $150/contract
BPE: ~$597/contract
BE's: 49.50/69.50
Notes: The underlying isn't the most liquid thing, so you may not get a fill at this particular price and might have to monkey around with it a bit. Me, I'm just going to enter the order and if it fills, it fills. If it doesn't, I'll look at it again next week to still if there's still premium in the play. As always, I'll look to take the trade off at 50% max profit so I can redeploy the capital elsewhere.
HES - Depending on CL1!Keep XLE / CL1! on close watch.
I am expecting one of this to happen.
Broken through all the declining trendlines.
$HES Double Bottom in its trading range. Good upside w/ low riskFor the $HES trade I see a double bottom in its trading range. I like to buy at this area for a long ($67.30) to sell into its upper end of the range (60% at $75.XX and the rest at $78-79). When I compared with /CL futures on a daily I see that $HES is currently oversold and the past 2 times in the past 9 months that it was oversold it would come back to the average of /CL. My stop would be around $66.20 range. I picked this stop because it was a support/resistance couple years back on the weekly chart. What are your thoughts?
