EquityCast
PlusSince my last post, oil WTI has set a lower high but successfully bounced off of the daily 50 day moving average. We are now approaching a critical juncture where the wedge will either break upwards or downwards. You can see just how tight the trading range is between the 50 day moving average and the 20 day moving average. It's tough to call which way it will...
After an incredible run, oil wti has quickly come back down to earth over the last 7 days. It's now only a few U.S. dollars over its pre-war price. You can also see the MacD still has some ways to go to complete its downward move and I'll be on the look-out for it to start curling back up over the next ~-5-10 days for the next move up. I'd consider the purple...
As an update to my prior post, we are now at a pivotal point where CPE is hugging the trendline support and looks to be completing a head and shoulders. My price target to buy if the support line breaks is the red trend line at the bottom. The H&S is invalidated if the current support line holds over the next few days. Only time will tell and stay tuned.
Good Morning~ From my previous post, we can see CPE has broken out of the wedge, then quickly retreated to back-test the break-out and now we march onwards and upwards. I've outlined my take on 1 possible way CPE will play out over the next few months. With immense volatility comes immense profit if you're on the right side at the right time and that is what...
Good Morning~ CDEV is looking very strong on a steadily rising Oil WTI and sustained oil prices over $90 USD and macroeconomic tailwinds (Ukraine War, possible sanctions of Russian oil and continued underinvestment in the O&G space as well as capital discipline from the U.S. shale patch). I've outlined a likely scenario in the upcoming days. Technical...
As you can see, Bitcoin has an established a very strong bottom support line for the last several months. You can see that our RSI always touches <30 or below during these days of immense fear and panic in the market and that , my friends is when you want to run in to the burning building so to say and scoop up your cheap Bitcoin in my opinion. Happy Hunting!
Good Evening. MicroStrategy looks to potentially have found a bottom at last and a potential bottom trendline is being established. This is where bulls may want to consider accumulating for their long positions or swing trades and confirm their entry with other indicators such as low RSI, a bottom curling MacD and Bollinger Band positioning (all 3 shown). Happy Trading!
Oil and gas equity prices have been lagging behind Oil numbers from a fundamental standpoint over the last few months. Very cheap valuations and forward PE ratios. Several smaller cap oil companies such as CPE, CDEV, LPI and others have been heavily consolidating and are looking primed for a break out to the upside.