$ET is looking interesting as Texas has become a centre for business (Samsung mega chip factory) and cryptocurrencies ($BTC mining 20% global hash rate) combine this with the winter and increased gas prices as a result from last winter, oh and did I mention more frequent and severe storms. This will all lead to higher natural gas and energy prices which leads to...
I posted a chart a while back on ET hoping it would've made a higher run. I noted the buying and selling volume (vertical lines). I don't think it's going much lower than $9.00 so i'll look to swing this back to $10.00 if that pattern continues.
$8.48 or below is a great price.
Man I'm loving the price action of ET right now. As you could see it's stuck and a range, indicating accumulation or distribution. What I find interesting is the volume spikes at the lower end of the range. Pay attention to last volume spike. We obviously see a lot of selling volume, much higher than previous volume close to to the bottom of the range. Notice how...
Trendline break
At Support Zone
Entry 10.5
Stop 8.5
Target 13.8
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
Keep an eye on this for next coming days and weeks. A break above dotted yellow line will indicate buyers back in control. Soon may be time to start longing this baby
$ET pretty clear as day, double test of 0.618 fib retracement, one pre-breakout of downtrend, one post-breakout. Currently retesting a support level. Most bought in august by lawmakers.
Yes indeed, broke major resistance and shot up. Now due for a local correction only, hopefully with more upwards action after. We shall see.
This is a reflection using technical analysis + only and we do not consider valuation and macro factors at this stage.
The Fibonacci targets going down are highlighted in purple with invalidation in red. Fibonacci goals, it...
I am quiet Neutral on ET at the moment. It showed some signs of a bounce on the 200 SMA but unless it can reclaim that 50 sma I am not bullish. strong area of resistance in coming which could create the first wave A. wave B could be a retest of the 200 SMA and wave C could be a break through of the 50 sma which will create the beginning of a new bullish trend for...
Looks like $ET is somewhere to complete the correction. At this point of time, I see a future opportunity to trade the pullback.
Gradual periodical long entries is a solution to the circumstance as price deepens into light blue area.
A more safe entry would be on a condition where price action forms double bottom pattern to ensure that bears are off the market...
The midstream "stocks" typically move predictably with their payouts. Energy Transfer is no different and is moving to a strong upside as a payment is expected in October. There's also the considerable catalyst of its acquisition of Enable Midstream Partners which will expand $ET's already extensive pipeline coverage (~90,000 miles). Buying into $ET at its present...
Another interesting signal from the oil sector was generated yesterday by our directorscope AI system.
With a risk / reward ratio of 5.3 over the medium term, this could be a good trade.
Elliott Wave Analysis: The stock could be inside a wave 3. And within the wave in an intermediate correction. With current impulses from the oil price, the interim correction...
