ET trade ideas
Energy Transfer letting it sink. ETGoals 8.8, 8.1. Invalidation at 13.7.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
ET 15% distribution increase. LONGI've published a few ideas on Energy Transfer. Remember, this is an MLP and will require a 10-k form which can get pricey.
ET is a very liquid symbol, 50k plus contacts open currently and many more being purchased every day.
If you don't want to deal with the 10-k or don't want to hold shares of ET, a higher delta long call like $8 or $9 strike should perform in a similar fashion as owning 100 shares would.
ET has had numerous upgrades lately ~$14.00 PT
Energy Transfer | Bro... 'dat Volume Holy shit. What was that buy volume on the 8th? It's the largest flow measure in either direction... ever. I haven't looked too far into it but considering that and the slight descending wedge we've entered I think we could be on the way up. Possibly in a big way.
I know I've said this before, but this time, I mean it. Promise.
my price target is $14. Anything less than $8.10 is a strong buy.
ET - Texas Energy Increasing demand$ET is looking interesting as Texas has become a centre for business (Samsung mega chip factory) and cryptocurrencies ($BTC mining 20% global hash rate) combine this with the winter and increased gas prices as a result from last winter, oh and did I mention more frequent and severe storms. This will all lead to higher natural gas and energy prices which leads to ET making a ton of money, last year in Feb freeze they made $2.5B in a few days, we like that.
This makes me super bullish on ET - what do you think?
Still long ET. Pitchfork turned out to be a great indicatorI posted a chart a while back on ET hoping it would've made a higher run. I noted the buying and selling volume (vertical lines). I don't think it's going much lower than $9.00 so i'll look to swing this back to $10.00 if that pattern continues.
$8.48 or below is a great price.
EYES on ETMan I'm loving the price action of ET right now. As you could see it's stuck and a range, indicating accumulation or distribution. What I find interesting is the volume spikes at the lower end of the range. Pay attention to last volume spike. We obviously see a lot of selling volume, much higher than previous volume close to to the bottom of the range. Notice how the price never reached the support level or broke it. What this indicates to me, is that sellers are getting exhausted and the trend may take a turn to the upside. Wait for the trend to change, a break above $10.20 with some decent buying volume will be a very good indicator to go long. Keep your eyes open and set alerts.
Energy Transfer to the Upside! ETYes indeed, broke major resistance and shot up. Now due for a local correction only, hopefully with more upwards action after. We shall see.
This is a reflection using technical analysis + only and we do not consider valuation and macro factors at this stage.
The Fibonacci targets going down are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!