Vista Energy continues to trade in its bullish channel, up 138% YoY. Oil took a pounding last month, but with news that pirates are attacking ships, tankers in the Red Sea have stopped making deliveries causing the price to jump 5%.
Go long.
Vista Energy has been in a bullish channel since Sep 2022. Currently up 177% YoY. Expecting a pull back to 28 as it has hit the top of the channel.
Trade idea: Nov 15 30P 1.80
If 28 hits, that will net over 100% profit (31-28=3x.63 delta=1.89)
Earnings are Oct 24. Will close trade before then.
On the chart, we can see a rising wedge occurring for an energy stock.
We expect it to break the support zone and hit our target, which has a potential reward of 25%
MACD is showing strong indications to the downside.
Bearish divergences on the RSI.
As with the previous published energy stock, we expect a downside just like the majority of the energy stock have...
Notes/Thoughts:
* Strong up trend in the recent years
* Okay earnings with growth expectation
* Closed just above resistance of $9.07
* During the consolidation from March 23, 2022 the volume was decreasing; now it's increasing and back above the average
* A high Relative Strength along with the high UD Ratio shows this may be ready to move higher.
Technicals:...
| VIST | LONG @ 8.3 - 8.5 | TP @ 8.6, 8.7, 8.8, 8.9, 9 | SL @ 7.5 | PATTERN = ASCENDING TRIPLE TOP BREAKOUT |
Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved.
NYSE:VIST [/symbol
Dos intentos de romper la resistencia en $6,55, la espero en soportes para recompra. Atento al precio del gas, WTI y Brent. La joya sigue su camino bullish de todas maneras.
This is not financial advice
Crude oil prices gained slightly on Wednesday, extending multi-year highs supported by an improved demand outlook as accelerating COVID-19 vaccinations helped lift travel restrictions in Europe and the US. On the supply side, OPEC+ agreed to keep to their plan to gradually ease supply curbs through July, signalling the ongoing strengthening of market fundamentals....
Vaca Muerta will become the second income after soy bean, just needs positive signals from the new president starting in December 10th, time to accumulate long positions.
