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📈Technical/Fundamental/Target...
DK (Delek US holdings)
Nice risk reward here on $DK for a swing long. A few reasons I like it:
-with T D sequential reversal 9 daily ,
- support of 200ema,
-and RSI at the lows.
I will wait until the end of the trading session today and see where it goes before entering a small swing.
Trade safe.
Delek US Holdings, Inc. is a sprawling downstream energy company composed of three segments: Refining, Logistics, Retail. It owns 4 refineries located in TX, AK, LA as well as 3 biodiesel facilities in AK, TX, MS. Its Logistics department gathers, transports, and stores crude and refined oil/products for themselves as well as third parties on hundreds of miles of...
"Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, asphalt, renewable fuels"
It's pushing into an 800+ day high. Not financial advice, so look for this one to push above $30 on good volume for those paper trading accounts. $30 should serve as solid support as Raymond James and Piper Sandler have price...
This looks like a cup and handle formation for DK - I'm thinking that it may correct down to between the .5 and .786 level before rebounding. And then the upside looks to be in the 40's. I'll be contemplating a purchase as it nears the bottom.
Also note that the the 100 SMA is crossing up the 200 SMA.
Good luck!
This is a stock that has beaten down and is bouncing off the .786 fib on larger time scales. Once it breaks the .236 you could see it hit the .618 on the smaller time scale. This is a position I will be taking, not a recommendation. Let me know you're thoughts below and best of luck!
Delek US Holdings, Inc. engages in the transportation, storage, and wholesale distribution of crude oil. It operates through the following segments: Refining, Logistics, Retail, and Corporate and Other. The Refining segment processes crude oil and other purchased feedstocks for the manufacture of transportation motor fuels, including gasoline, diesel fuel and...
DK is at a support level now. The idea is that it will stay within the trend channel.
There are 2 ways to play this:
1. Enter now for max profit (upside > 25%)
2. Wait for confirmation
I choose plan 1 and buy now. Tight stop loss, target 65.
Link to profile on marketwatch:
www.marketwatch.com
This is a bullish swing trade I am considering entering tomorrow. I am going to watch the markets closely to see how they open tomorrow as well as the oil market. I liked the crude inventories number that came out this afternoon which I believe could help boost oil prices as well as the price of oil stocks. Whether I enter this trade or not will depend on several...
