going for $8.60 around #ET #ET going for $8.60 approx the first target. 2nd target is higher to 5th wave
ET trade ideas
ENERGY TRANSFER Inverted complex H&S - 3.56 RRConsolidation since June 20th.
Call it rounding bottom, inverted multiple/complex head and shoulders or perhaps a cup and handle bottom but the idea is the same - BREAK OUT AFTER MONTHS OF CONSOLIDATION
Entry 7.17
Stop loss 6.55
Take profit 9.38
Adjust position size according to risk appetite
Comments or cheers will be appreciated
Straddle this MFEt is at a crucial level. Check out the resistance line it's wild. Will it have enough momentum to keep going? i'm thinking a pullback before it flies but either way I'm watching a $9 entry for a long and an $8 entry for a short. Or you could just straddle cuz something definitely is going to happen in a big way.
ET - Long Setup Break of 8.53. Stop signal 7.43. Target 11.83 and 13.83. Lots of buying in march 2020.
ET LONGI am trading this stock for 2 weeks now for day and swing trading. Looks good.
Next week will challenge the new resistance of the ema50 that should hold.
$ET is at a critical resistance level. Energy transfer is looking break out of a major weekly resistance level on the weekly chart. This may be a signal for a trend reversal.
ET for 01 March1. R1 $8.30, R2 $8.95
2. S1 $6.62, S2 $6.20
Daily price actions are showing a correction from its last run from $6.62 to $8.30. The overall pattern attributes to wedge shape in which the support of $6.62 is being tested. Limit entry price between $6.80 - $7.50 would be reasonable with a price target of $8.30 or above (if the overall stock market does still hold its bullishness). No stop loss is suggested. Looking to buy more on dips should this happen. ET is ideal for long term play
Energy Transfer ET up 21.25% since earning on FEB. 18thSince earnings on Feb. 18th (Expected EPS $0.26) (Actual EPS $0.19) ET is up 21.25% at $8.16.
These lines represent potential high, medium and low ranges. At the highest range, ET wil reach an high of 9.16 by FEB 26th at 1430.
At the medium range, ET will reach at high as $9.16 by March 1st at 1430 and at the low range reaching $9.16 by March 3rd at 1230. If it does reach that low range by march 3rd, it will be the lowest for the session and it will either have support and rise or meet resistance and drop. Follow the lines
Things changed on Energy Transfer (ET) based on the day.The previous analysis posted didn't account for the "real" lowest potential. Based on the ending of the day it looks like ET will reach as low as $7.70 by 1530 on the 26th.
ENERGY TRANSFER now is in Buy Situation DailyHey guys, ENERGY TRANSFER is in a bullish configuration with a continuation of the volume of purchases made and a hammer candle. In TIMEFRAME M1 we notice a hammer candle with a low return of traded buy volume that came to the top of the consolidation zone to test it. Great potential to breakout the price with the momentum of both the area to get into the second and land on the next high.
With filling of the bearish breakout gap to go to the top of a consolidation zone to test it. In order to breakout followed by two excesses (on TIMEFRAME H1) possible test on the next level to align (on MULTI-TIMFRAME). Not enough buying force to check the intermediate median of ANDREWS PITCHFORK.
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ET: Hidden Bullish Div + Possible Impulse Wavequick idea:
This is a long-term trade based on the fact that oil is coming out of a multi year bear market. I believe multiple companies in the sector will benefit (see: CVX, USO etc) but ET caught my eye for some reason. Looks like a first + second wave completion which could signal a rally on the way. Keeping my eye on this one for now
ET GO LONGET MAKING A STEADY COMEBACK UP THIS ACENDING CHANNEL MAKING HIGHER LOWS AND HIGHER HIGHS ...LOOKS PROMISING WITH THE LONG TARGETS SET AT THE TOP OF THE CHANNEL ...
EARNINGS REPORT IS DUE ON 17 FEB WHICH COULD HAVE A FURTHER IMPACT ON PRICE DEPENDING ON WHATS REVEALED OF COURSE .
ALTHOUGH I ONLY FOCUS ON THE TECHNICALS AND RIGHT NOW MY SENTIMENT IS BULLISH .
FEEL FREE TO TAKE THE TRADE WITH ME OR OF COURSE COMMENT ON WHAT YOU THINK IF YOU DONT DO ANY OF THOSE THEN SHARE ,LIKE OR COMMENT AND MAKE MY DAY ... MY GRATITUDE FOR STOPPING BY
Energy Transfer LP Scheme 6HDesigned for options.
Stock is trading at long-term demand price range.
Commodities have established the beginning of a super cycle.
Too many recent attempts to push the price lower have failed.
Patterns suggest a breakout from triangular formation on daily TF.
A drop to support trendline is an "ALL IN" from my perspective.
Overall look:
BTW TimeFib 1.272 of the cycle is on 12th of March 2021
ET Energy Transfer Volatility Squeeze heading into earningsThe prior downtrend was on low volume followed by the current attempt at an uptrend with increasing levels of demand.
Upcoming earnings could give the price action the volume it needs to break up out of the squeeze
ET earnings playI did some technical analysis on the ET chart.
With earnings coming on 02/15/2020, the stock is undervalued and at a good buy point.
Looking at the weekly and monthly chart we see that there was a big downtrend and ET is recovering
This analysis is purely based on price action, support and resistance levels.
