#HES +5.95% yesterday. The share price is expensive 57.71. It is bullish, but there is always the risk that it could drop for a second peak.
It could take out the supply level.
Thank you
Girolamo Aloe
- MACD Timeframe Indicator (12, 26, 9) Hourly and Daily Timeframes showing bullings patters as both are > 0 and MACD > Signal Line
- Ichimoku Indicator pointing higher with Kijun Sen above the Kumo Cloud and Price above the Kijun Sen
HES Daily Chart has an RSI hovering around the 60-support level.
HES Intraday chart, look for bullish price action with Kumo Breakouts for entry (1 min, 5 min, 15 min)
Price continuation through the Ichimoku Cloud on the 1-hour chart on HES. Tenkan-Sen above the cloud and above the Kijun-Sen. Look for oversold signals on the Stochastic for entr [ /image]ies or support along the Cloud
With a dwindling earnings calendar and some buying power to put to good use, I'm looking to go where the IVR/IV takes me. With an IVR of 74 and fairly decent IV of 43, HES popped up toward the top of the Dough "Notable Stocks" grid (sorted by IVR).
Here's my set up:
Dec 24 51/68 Short Strangle
POP%: 75%
Max Profit: $150/contract
BPE: ~$597/contract
BE's:...
For the $HES trade I see a double bottom in its trading range. I like to buy at this area for a long ($67.30) to sell into its upper end of the range (60% at $75.XX and the rest at $78-79). When I compared with /CL futures on a daily I see that $HES is currently oversold and the past 2 times in the past 9 months that it was oversold it would come back to the...
