$NGL - Good Lookin' Chartski- Very tight right side
- MA confluence
- High RS
- High ADR
- Oil and Gas
NGL trade ideas
NGL | Insider (CEO) Buys | LONGNGL Energy Partners LP engages in the transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products / renewables, and water solutions. The company operates in three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment transports, treats, recycles, and disposes produced and flowback water generated from oil and natural gas production; aggregates and sells recovered crude oil; disposes solids, such as tank bottoms, and drilling fluid and muds, as well as performs truck and frac tank washouts; and sells produced water for reuse and recycle, and brackish non-potable water. The Crude Oil Logistics segment purchases crude oil from producers and marketers, and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs; and provides storage, terminaling, and transportation services through pipelines. The Liquids Logistics segment supplies natural gas liquids, refined petroleum products, and biodiesel to commercial, retail, and industrial customers in the United States and Canada through its 24 terminals, third-party storage and terminal facilities, and nine common carrier pipelines, as well as through fleet of leased railcars. This segment is also involved in the marine export of butane through its facility located in Chesapeake, Virginia. NGL Energy Holdings LLC serves as the general partner of the company. The company was founded in 1940 and is headquartered in Tulsa, Oklahoma.
$NGL: Finding a bottom?Three touches. Are we there?
Also...
Weekly : Not quite a textbook Gartley, but something to consider
Weekly Bullish Engulfing and Bullish Divergence at 88.6% RetraceWe have somewhat of a Bullish Gartley here with kind of a Bearish 3 Line Strike but more of just a Bullish Engulfing on the Weekly at the PCZ of a Harmonic that's kind of a mix of a Bat and a Gartley. Lets just say it's a Bat for simplicity as it lines up with the ABCD move.
double your money with NGL head and shoulderBeautiful head and shoulder pattern supported by rsi divergences
NGL: A 5 wave down should be followed by a 3 wave up.A=C offers almost 400-% upside. Last week, the CEO bought 100,000 shares at $1.74. Surely he cannot be only after small potatoes. Broke past a couple of secondary trendlines.
NGL - NGL ENERGY - USAA good opportunity especially for the people who have patience!
It might be second CPE.. we will see.
I wish you good profit!
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NGL Technical Analysis 🧙NGL Energy Partners LP is a US-based firm that owns and operates a vertically integrated energy business. The company's operating segments include Crude Oil Logistics, Water Solutions, Liquids and Refined Products. It operates crude oil storage terminals, and owns pipeline injection stations and offers services for the treatment and disposal of wastewater generated from crude oil and natural gas production, and for the disposal of solids, such as tank bottoms and drilling fluids. The firm also supplies natural gas liquids to retailers, wholesalers, refiners and petrochemical plants and sells propane and distillates.
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NGL possible 10-15% flipThings to note:
NGL trading below the 50 SMA.. but not too far off
NGL MACD possible reversal in trend to bullish
RSI is average, neither overbought or oversold
Since NGL closed above the support line of 2.37, I am predicting that it will go up and retest the next support line of 2.65. An investor can take a 10-15% profit here.
Disclosure: Not financial advice.
NGL Long One swing crossed SMA50 and 200
Wedge Pattern
Candlestick Hook reversal
Breakaway Gap
Volume Profile -- 2.8 is the max volume price
Entry 2.62
no Stop
Target 7.3
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
$NGL, starting its correctionIt's making a move back to its previous trading zone. The RSI crossed over its previous support and looks to be in a new range. It broke its bearish trend and looks to have bounce off a support. Taking this one to $3.00 hopefully.
NGL - weekly chartAccumulate around 2.60
Buy aggressively after closing above 3.70
T1 8.75
T2 11.40
SL closing below 1.15
ABC BUllishPossible Stop below 3.42
ABC pattern valid only if price hits break out in a confirmed up trend
Possible T2: 11 to 13.5
Not a recommendation
NGL Energy Partners (NGL) short.All description on the chart.
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