Civintas $CIVI, innovation is not always creating thingsCivintas Resources Inc. is in the Oil & Gas Sector, centered in the Exploration and Production Industry. It should benefit from the current uptrend of oil prices NYMEX:CL1! .
I mentioned innovation because the company is set to "clean up dozens of wells orphaned by others". The state of Colorado has granted this new startegy for NYSE:CIVI to "work hand in hand with landowners and local communities to restore former well sites". This may because of their strategy to protect Colorado’s groundwater resources.
They perform Horizontal Drilling but before, they install multiple layers of cement and steel casing and then performs pressure tests on the well casings. This is a good story funds might see to buy this stock.
Today the price emerge with a strong breakout from a flat base. The base has a 11.48 points of height, TA rules state that the target price after the breakout is to add that up the base, that is at $70.63.
The breakout from today has a gain of 7%, that is far from the pivot so I won't chase it. Also the volume isn't that great. So, as I didn't buy yesterday, I'll wait for a throwback to the previous resistance line and buy there. If it doesn't happens, I'll wait for another opportunity.
GAS
natural gas - short - Head and ShoulderThe price action is very bullish but is arrived on biggest resistence area and in 15minute time frame is creating a potential H&S patter. If confirmed the break of neck line we can have a short impulse to near support area.
LUKOY if i had to pick one russian stockIf i had to pick one russian stock after this huge sell-off, that would be LUKOIL (LUKOY).
PJSC LUKOIL engages in exploration, production, refining, marketing, and distribution of oil and gas.
Last year they had earnings of $773Bil and paid a dividend of $7.35, which is now higher than the price of one share.
It will be adjusted for sure.
The Market Cap is also low, $31.608Bil.
Looking forward to read your opinion about it.
$TSLA whos giving out this much return on investment? 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team entered electric vehicle company Tesla $TSLA on March 9, 2022, at $800 per share.
Our first take profit was set at $975 but we were able to sell our shares today at $992 per share for a gain of 24%!
Our trade initially brushed a tight stop-loss we had at $775 but we talked it over and decided to hold onto our shares. We strive to promote an investing style that is profitable, but most importantly safe to use. Please understand that this isn't a healthy trading habit to have, and that going forward we will try and make sure that it doesn't happen again.
Congrats to those of you who took this trade!
Entry: $800
Take Profit (HIT): $992
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GASUSD Bullish Transition IdeaIdea for GASUSD showing prices rise as it transitioned through 1.618, currently price is falling, but as it approaches the next transition level I ask will a transition pump occur again?
I have plotted a bars pattern to show my thoughts as price transitions through 2.618
Crucial Moment For Oil I never post here but I really wanted to give this notice to as many ppl as possible. Forget the conflict no one knows how that will end. OPEC is still very tight with supply staying on pace with supply increases in the face of $130-$90 barrel oil. We aren't seeing much action in terms of increases in supply in the US either. Iran oil also seems to be off the table. All of this tells me we should hold this trend line and close around $99 today, but the chart is saying otherwise atm. If we close above $99 I believe we see a significant move higher to at least past resistance around $120. If we close below $99 today we could see a drop down to $80. Oil has traded in this channel for almost 2 years before the russian-ukraine war, making a move below or a confirmation of support very significant.
Natural Gases Futures (NG!), H4 Potential for dip!Type: Bearish drop
Resistance : 372
Pivot: 363.9
Support : 332
Preferred case: We see the potential for a further bearish drop from our Pivot at 363.9 in line swing high resistance towards our 1st support at 332 in line with 127.2% Fibonacci projection and 61.8% Fibonacci retracement. Our bearish bias is further supported prices trading below our ichimoku clouds.
Alternative scenario: If prices were to reverse, they can potentially climb towards our 1st resistance at 372 which is in line with 100% Fibonacci projection
Fundamentals: Warmer weather conditions and renewable energy sources might mean temporary setback on the commodities
FLEX LNG short term position According to with last tensions between Rus and Ukraine US gas supply will be provided by sea passage.
Flex LNG Ltd., through its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. As of March 15, 2021, it owned and operated nine M-type electronically controlled gas injection LNG carriers; and three generation X dual fuel LNG carriers. It also provides chartering and management services.
Position till date of dividends or level 24.50$
NATGAS - Has it stopped? Let's see how NATGAS is behaving.
This is a 1D chart. (Long Term)
Any news on how the US will get a new connection as a replacement of Russia can affect the prices and cause significant changes.
However, while nothing special is going on and the market is on its sideway moves, these three levels are the key areas for now.
Fib Retracement levels show two support areas and two resistance areas on the way up. Right now, the price is sitting on local support.
Support levels: $3.85 - $4.52
Resistance Area: $5.17
Bollinger Bands can work as support and resistance too. Here is an example:
The resistance level pushes down on value, and two support levels hold the price high and show strength. The higher band can work as resistance.
The Middle Bollinger Band can push down the value, and the Lower band pushes the price up.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that NATGAS is above the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $4.66
Let me know your ideas.
Good luck.
All set to sail?Looks bullish and natural gas demand spikes in these times and future until we have complete alternative energy resources. Once it breaks above that blue line, it could rally towards $18...
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P.S. Note a financial advice, do your due diligence.
Natural Gas - updateNatural Gas - idea update
Flat situation... but is it possibile a new short action in the next week
SWN LongSouthwestern Energy is a natural gas exploration and production company organized in Delaware and headquartered in Spring, Texas. The company is ranked 776th on the Fortune 500. Fundamentals looking good too.
$$CL.1 — Bearish Head & Shoulders Despite the fact that the head is a bit bludgeoned, there is a very large bearish head and shoulders below $106.50 — potential target down at $82.50...
Interesting technical setup, not sure if the fundamentals will supersede the technicals or vice versa.
Bullish oil is catastrophic for the US economy, and it would make sense for this pattern to fail.
Time will tell.
GAS formed bullish Gartley | A good long opportunityHi dear friends, hope you are well, and welcome to the new update on GAS token with BTC pair.
Previously we had a nice trade of GAS:
Now on a 12-hr time frame GAS has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Will 1929 Repeat?Will history repeat ?
The bar pattern overlapped shows a really interesting view on the market structure compared to 1929. Things are looking very much the same 100 years later.
Price hit the 3.618 Fib extension in 1929 and crashed shortly after with the tension of war at the time, you had the Sino-Soviet conflict with Russia and china in 1929.
100 years later we seem to be having the same world circumstances where there is war with Russia involved and we have also hit the 3.618 extension not only that we have also hit this 100 year resistance line that has caused massive muti year pullbacks whenever hit.
I have been following six month RSI bearish divergence for a while now and it now seems with have broken down from this triangle we were in , take a look below.
Zoomed in picture of the bar pattern
It is possible we have one more upthrust to the 4.618 before a big crash this can take 1 year to play out. Human nature is cyclical we tend to repeat behavior and you can see that in the charts .
XLE SHORT $50 chart gap at $50 and gap at $42 are the first things to notice.
However, there is support going down so it's not like we should expect those prices quickly, but it's good to take note as trends start to break.
support (blue lines) heading down priced.
I do think we hit a top right around $78-$76, and will return to around $72-$74 after it drops a bit before seeing another sell off. I'd start looking for entry on the confirmation.
I could see this settling around $50 (see green trends.
GAS confirmed breakout!GAS confrimed a nice 4h breakout with high targets. The price is aiming for the 5.50 dollar mark. The war is getting more dangerous and the European President Christine Lagarde is seeking for a import ban of GAS out of Russia.
Take profit: 5.50
stop loss: 4.90
As always, this is no financial advice! Do your own research.
Have a nice Monday!