MLPA price action suggests midstream energy MLPs may be developing a new uptrend.
Comment:
Squeezing up to resistance at $44 (3/1/2023)
Comment:
Hit $44-ish for fourth time in 13 months... still squeezing (7/20/2023)
Trade active:
New 52-week high as price closes in on $45
Trade active:
Resistance level broken.
Next likely resistance level between $48-$50.
Next likely resistance level between $48-$50.
Comment:
Beyond $50, next resistance level at $60-$63.
Trade active:
$46 broken
Yield is still over 7.5%
Yield is still over 7.5%
Order cancelled:
Broke Below Trend
Looks to retest $43-$44
Looks to retest $43-$44