With natural gas prices depressed, it's time to start buying some nat gas related companies. $ET has popped on our radar as it trades at trendline support. There's a number of things to like about $ET: 1. Recent insider buying 2. Shares are cheap trading at 3x earnings, 0.24x sales, 0.55x book, and 6.25x FCF. 3. $1.22 per share dividend Energy Transfer LP...
Beta-R:Journal. Risk Management: Compound .Level : PA . Time: Short-term - Intermediate . This is just my view follow if it aligns with yours. Ideas are not repeated rather updated.Worry about risk only.
ET has missed their earnings estimates all year with another announcement due today which sets up a nice opportunity for a strangle. If they whiff again expect the downtrend to pickup more steam and drive price at least to the bottom of this descending wedge. On the flip side if they manage to surprise, that could trigger a steep rally for this company which...
ET pushed past resistance with a nice move. Target 16.5
$ET Inverse Head & Shoulders - Bullish options activity today with around $12M of calls traded See chart for possible near and medium term targets Note: Informational analysis, not investment advice.
Reason to Buy 1) 1350 - 1390 = key support 2) Head & Shoulder = potential reversal Stay tuned !
ENERGY TRANSFER is reaching the lower level on this complex correction. Look to the price action for a potential bounce after the completion of this WXYXZ correction.