Study Case: How to play the trend II Description on the chart ...
See the related idea
How to play the trend I - BTC study case
EC trade ideas
$EC - LongI've been a holder of $EC common longs since $18.50s. I think it will do well throughout 2018.
$EC For the LONG HoldI have commons in this name from $17.59 avg built last week. I see this as a long term oil play.
Trend continuation! look at EC its beautiful deep buy i can see the hammer with huge volume confirmation to the upside! i don't event have to trace trend lines for that the trend is your feriend and the trend pays!
EC How much further can it climb?Playing a trade simulator game:
I took a chance and bought 1000 shares at $15.43 on 3JAN18.
On 4JAN18 I set a trailing stop at 20 cents.
It executed that day at $16.65.
Profit of $1220 less fees.
I might try that again next week.
Strong buy signals remain for short-, medium-, and long-term investing.
At this point what could signal a downturn before a drop in price???
Ecopetrol - Long Scenario This is a Colombian stock that is highly related with the behavior of crude oil prices
EC Ecopetrol SHS pattern in the wayOil prices begin to lose strength upward, which added to the possible recovery of production in Canada and the termination of some problems in the East, will affect fall in prices so that the shoulder head shoulder pattern would accelerate clearly and quickly.
EC - Ecopetrol towards 7: Divergence, Elliot 1 and OilIn this new version of graphic analysis, several factors that are supported by the fundamentals of the company, by direct effect of current oil prices and the average of the oil-price in the first quarter, as well:
1. Clarity of divergence between price and RSI, denoting a next correction.
2. In reference with Elliot waves, the magnitude of the price advance from its minimum price from 5.36 up to 9.85 denotes an impulsive wave developed, so in this case would be the first (I), for which there must be a correction at least until 7 USD, which coincides not only with the fibonacci retracement of 61.8% as well as could exceed the average of 100 periods.
3. Finally, the price of oil seems to begin a new bearish (correction) wave, which directly affects the interest by the action of Ecopetrol.
