NEXT trade ideas
NEXT Cup & HandleHello again thank you for checking out my trade idea in next decade. We see a nice cup and handle base forming prepared to break out into a new high. I've set my stop loss just below 3 candles ago and my entry point to open my position 1 cent above a swing high. I will take off 25% of this position once I reach a one-to-one risk reward ratio and then move my stop loss up to my entry point. If the stock continues to rise, I will adjust my stop loss accordingly on a daily basis in a manner that will be triggered if the uptrend is broken. If we see slow movement up, I will move my stop loss up slower, if we see fast movement up, I will move my stop loss up quicker. Let me know if you have any questions or concerns or if you're interested in energy stocks like this at the moment since semiconductors seem to be and a little bit of a sell off right now.
Watchlist 2023-06-14 $ORCL $NEXT $RIVN $CMA AMEX:SPY has been rallying into the FED Interest rate decision today, so keep in mind that the expectation is for the fed to pause interest rates. Therefore, if we get a hike, maximum short is in play, especially for the high beta names that have been rallying, CVNA, UPST, AFRM.
If we get a rate pause, then it's unclear what will happen, my estimate is that there will be profit taking but room to play the momo in both directions, until 2.30 when the trend typically establishes.
IF, big if, we get a rate cut, it's long all day, my section would be for the high beta chip names but anything tech will be fine.
For further confirmation of a trend day, watch for:
USI:ADD pinned near +\-2000
USI:VOLD ratio over +/- 3
USI:TICK cumulating past 0 wicking to +/-900
NASDAQ:NEXT - Shares of NextDecade were up almost 12% after the company, which develops and sells liquefied natural gas, struck an investment deal for the Rio Grande LNG project in Texas, and agreed to sell a stake of itself to French oil giant TotalEnergies. If NEXT can find support and then get over VWAP, there is a potential trade here to 7.37 - as long as it doesn't sell off dramatically on the open which Is likely after rising 4 ATRs. However, all the seller got out all the way down to 5.13, which is why they could be caught off guard today and we COULD see a quick rally off the open as well.
Support 6.37
Resistance 7.37
Inflection 6.75
NYSE:ORCL - looking weak after a capitulatory top on earnings. 2nd day play in effect below 116, risking over PM high or the open, whichever is higher.
Support 116,108
Resistance 124
Inflection 117
NASDAQ:RIVN , on support at 15, or above 15.76 if the rate are paused and we get there from a base.
NYSE:CMA - RVOL over 2, over 44.25 is a long
Comment what you are watching!
NEXT - PENNY STOCK ENERGY SECTOR for SWINGshowing good price action in late July in the best sector of this year showing RSI strength
and 5x Relative Volume on July 29th setting up for a swing trade resistance at
8.00 from June 22 and 10 from November 2017 Entry 7.30 above the high of
day on July 29th potential 27% of upside. Given the rate of price action rise
considering the $7.50 strike expiring 8/19
NextDecade, is in distribution zoneNextDecade, a clean energy company, innovates greener LNG and carbon capture solutions for a net-zero future.
NEXT- pre-revenue nat gas frenzyAnother money losing pump and dump on the heels of a natural gas deal which MIGHT happen over the next two decades. Way overbought in the short term.
NEXT - Whats Next? $6 or $10? 🤷-Morgan Stanley upgraded its rating on NextDecade from "equal weight" to "overweight," and boosted its price target from $2 per share to $6 per share. That new target is still more than 80% above the current price even after Monday's rally. Underpinning that upgrade is the view that a global recovery in the natural gas market is "well underway."
-Morgan Stanley believes NextDecade stands out in its field because its carbon-capture venture will enable it to produce low-carbon LNG, which should boost its prospects of reaching a final investment decision on its proposed Rio Grande LNG facility. Further, the company should benefit from higher natural gas prices and an expected capacity shortfall in the coming years.
-Those improving market conditions also led Morgan Stanley to upgrade shares of rival Tellurium (NASDAQ:TELL) from "underweight" to "equal weight" while boosting that stock's price target from $2 per share to $8, nearly 90% above its current level. Tellurium's Driftwood LNG project is also on the path to achieving a final investment decision after securing large LNG purchase agreements.
-Energy demand is recovering from the drop-off it experienced earlier in the pandemic. That's making it increasingly likely that NextDecade will be able to move forward with its long-awaited Rio Grande LNG project. That has the potential of generating a significant amount of cash flow for investors. If the company can move forward with that needle-moving project, its stock should have lots of upside.
$NEXT & OLCV Sign Term Sheet for CO2 Transportation and StorageNextDecade, Oxy Low Carbon Ventures Sign Term Sheet for CO2 Transportation and Storage in South Texas
today announced that they have executed a term sheet for the offtake and permanent geologic storage of CO2 captured from NextDecade’s planned Rio Grande LNG project in the Port of Brownsville, Texas.
Under the terms of the agreement, OLCV will offtake and transport CO2 from the Rio Grande LNG project and permanently sequester it in an underground geologic formation in the Rio Grande Valley, where there is vast CO2 storage capacity, pursuant to a CO2 Offtake Agreement and a Sequestration and Monitoring Agreement to be negotiated by the parties.
finance.yahoo.com
NEXTWhich will be the $NEXT direction? Good upside volume the last 3 sessions. A breakout could be coming soon.
Cup and handle to bull flag breakout?I see a cup and handle formed, stock price moving upward from the handle portion of the pattern. Potential to break out of current bull flag.
NEXTIt appears this is a really good trade. With Oil and LNG prices on the rise this could earn good profit. It appears that RSI and MACD are reversing and its oversold on daily.
$NEXT: SmlCap play - Potential 25-50% upside from today's closesee boxes on chart for Entry, Exit and Stop loss zones.
Not for any recommendation, Just an Idea.
NEXTGEN energy crunchNEXT LNG GLNG SHI TELL
LNG prices not as hit by US-CH trade ware as thought as these are all take it or leave it 10 year contract energy deals.
If you can make it cheaper you make more. Floating refineries and floating transfer stations have cut out thousands of miles of pipeline and handling
costs. I'll let you figure that part out on own.
Fibretracement from 786 showing entry signal and quick 5 to 6.50 coming, or better above this 612 to 500 or above this. Strong volume and
potential here. Sorry for fib retrace values in crappy spot. Need to modify fond to bold, suggestions??
