TALO - More Bang For Your Oil $$$Once a high flier, priced in the $$$$ thousands, I've recently added Talos to my oil portfolio after hearing news of a Mexican plutarch pumping cash into it. An exploration company with wells in the Gulf of America (??), I'm betting on cheap oil to reverse trend.
When viewing the price of oil, in terms of gold, oil is historically cheap. Will "drill baby drill" become law of the land? Or will endless lawsuits limit increasing production over the next four years? In the end, the price of oil is still too cheap to ignore and while some estiguess that it could fall to $20-30, I'm still highlighting oil as a key play in my portfolio for 2025
TALO trade ideas
Talos Energy Trend ReversalStill currently in downtrend as we can see lower highs and lower lows.
11.36-11.5 would be a good range to buy if it pulls back a little. This will give better risk to reward ratio. Currently watching to see if it can make a higher high in 4h time frame.
Also bought buy Berkshire Hathway
TALOS ENERGY Stock Chart Fibonacci Analysis 022124Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 13/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
OK attempt 2Hi again folks,
Im still a newbie and my last call was not great and stop-lossed out. This time I think Talos has got a full Elliot cycle out. Im picking it to start trading up in expectation of good earnings, or trade flat for a bit before the earnings. These should be OK given the rise in WTI since last time so I expect it will rise to ca. $15 before testing the resistance there. It might drop back there or resume the upward trajectory. I'm back in with a stop loss set at $10.07 in case im wrong again.
Cheers
Talos set up for a rise?Hi
I'm new to posting ideas but I enjoy the community's ideas so feel id better add to them. I have been following Talos for some time and it looks to me like we have a setup occurring for a 4-5 impulse wave. The last drop was due to some insider selling (one of the backers who wanted to cash out some of their holding), news and the oil price correcting....it looks like those black swans have flown volumes are bottoming out and turning positive. Hope someone finds this useful happy to get feedback on whether more experienced analysts think it makes sense.
Cheers
TALO. bullish div w.l. Last one for today.Earnings May 10th puts it right on the fringe of 2 weeks away territory.
I have done a lot of other analysis techniques here, so if you are looking to generate your own novel position ideas, you should probably go through it slowly just to untangle so it makes sense to you.
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the Fibonacci I am putting on the larger time frame, because those are supposed to have more relevance.
The black horizontal lines function as past, and therefore, present price control.
I would like to own this stock very much, but momentum has only gone from down to sideways. Once it has gone from sideways to up we will participate.
This is because once a stock is sideways it can go either way equally likely (for the most part). So now we just wait and if it continues up we want to find a way to go with it.
TALO: Ascending Triangle, awaiting confirmationAscending triange, awaiting confirmation
Pros:
Descending volume during formation
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 5
Cons:
250RSI below 50
200MA Flat
Target:
PT = 15.42$
Help how ever you can to keep this alive.
Thank you to those who have donated Coins!
Stay Humble, have fun, make money!
Talos Energy, Inc. Trade to the 200ma Talos Energy, Inc. operates as a holding company. The firm engages in the exploration and production of oil and natural gas. It focuses on the exploration, acquisition, exploitation and development of shallow and deepwater assets near existing infrastructure in the United State Gulf of Mexico. The company was founded by John A. Parker, Stephen E. Heitzman and Timothy S. Duncan in 2012 and is headquartered in Houston, TX.
Short/Middle -term idea: BUY TALO @ 18.21Buy @ 18.21
Take @ 24.0 (+31%)
Stop @ 17.3 (-5%)
Due to impact of the coronavirus Energy sector plunged the most among the sectors. That's why it is a good idea to start watching for energy stocks.
Talos Energy highly sensitive to oil prices, therefore I recommend to place close stop order. However the return may be even over $24,0, but more probably that it will touch 24,0 and reverse for correction.
Talos Energy has an aggressive plans to enlarge margins and to cut costs. Please make an research by yourself to proof these statements.
In conclusion, I want to invest in energy sector stock due to the coronavirus impact and I choose one that has a high potential to surge till the year ends.
All energy stocks considered as risky investment, so I strongly recommend to put close stop orders.