VERMILON ENERGYIn the current situation, the price of the first area to stop the fall and the possibility of returning to the demand area is $9.
VET trade ideas
VET // Wedge formationThere is price above the falling channel, let's look for a second close above this channel. Pay attention to the wedge resistance on the daily time frame.
VET is pumping profits LONGVET like OXY is showing a great chart with consistent price action.
Fundamentally, it has had great earnings reports in the past year.
It rates an 8/8 on the Minervini Trend scale showing strength and duration of trend
as very high. Vermillon Energy has been strong in the general market downturn.
I see this as a Swing long setup with a good expectant reward for the risk assumed.
I am considering the call strike $30 option for September 16th.
VET at extreme trend resistance! be careful! :o👌on the break of this trend we can see a rally to 30+, rejection will lead to downside to 16-20 area.
long trigger 27.49 / short trigger 22.42 (break of pivot area)
VET - Long energy and exploration Pull back from a solid base. Opportunity to pilot a small position and watch price action. Energy sector is the only game in town.
VET - Cup breakupCup and handle (or Cup without handle) are continuation patterns (of the prior trend). VET was in an uptrend before it went into a 3 month consolidation forming a "Cup" pattern. It finally broke above the neckline yesterday on STRONG volume (strong volume breaks tend to be more sustainable).
Expecting near term target around 29.80 +/- with initial stop loss slightly breakup candle low.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Breaking out of consolidationAfter several weeks of consolidation, this appears to be breaking out. my next price targets are $25 and then $32.
will the trend break hold? breaking this small bearish downtrend channel, good risk reward if we use the break back into same channel as our stop loss.
targeting 20.30-21.55-22.7 in the short term
VET Breaking outVET in key range maybe will breakout to higher.
Ascending Triangle on shorter time frame
VET in a symmetrical triangleWaiting for a breakout to either side. Close above for a long position.
$VET nice VCP with bullish sweepsNice technical set up and bullish PUT sweeps at the bid to support, interesting one trader opened 12/16 22.5 puts for about 310K in premium.... stock is trading at 21.95 implying strong upside move .
For the more conservative, can wait for pennant / triangle breakout to go long / short, depending on direction.
My bias is to the upside and am long here with a stop being close outside of triangle with confirmation.
Almost forgot, that MACD is looking juicy as well : )
Looking for a retest of the 16.89 breakout pointI'm expecting a retest of a breakout of a high established 2 years ago. After that I'd hope for it to hit the next price target ~19
Do we have liftoff?Breaking above the 52++week high today - let's see what happens on Monday.
My first PT is $19 and then $25
Looking to break a 1 year troughLooking to close above 16.89 to break out of a trough established ~ 1 year ago.
Target 9.43 ( 1 to 5 months )Good Technical and Fundamental , So target 9.43, Duration 1 to 5 months.........
VET.CA: Ascending Triangle (103%) WEEKLYAnother canadian ressources stock pointing its nose up on the weekly chart.
Not confirmed still. Has not broken through 11$ resistance just yet.
Watching for next week.
If confirmed:
Price target = 22.09$
Stay humble, have fun, make money!
$VET Double Top Short-Term Put Opportunity$VET looks to have created a double top. The last candle was a belt-hold engulfing candle (two reversal indicators) and today was followed by a downward gap (that turns into resistance). I just opened a Put to take advantage of the decline to either verify the support with the gap left on 1Jun for a 5% gain (more with options) or if it closes that gap and continues downward, there's a chance for 8-24% profit before it finds a new support. RSI, MACD, and OBV are also bearish when comparing the two peaks.
This is still on a long-term uptrend, so I don't anticipate this to turn into a major downswing! I just added a Put to collect on the small downswing in addition to my Call that I'm holding.
VET - weekly chart Consolidating above 20MA on weekly. If breaks out will probably go till $13.60, then to $16
trend channel broke, ready for a swing here? beautiful textbook breakout from downtrend channel, has potential to hit 10 short term, use tight stop and let winners run :) big mistake traders make is take big losses but never let winners run, learn to let the trade payout ! diamond hands ;) dont forget to like and follow if you enjoy my ideas <3
