Another decent stock. Weekly it's been going up with some strong volumes and daily it's staying within it's channel and might even break out for a more parabolic movement. Daily volume is not very impressive though. I would wait for next week to see if it's going to retrace beck to touch the lower boundary of its trend. It might break out of the upper boundary...
Hey traders, OGE ENERGY CORP is in a fake bearish configuration with a large trading volume and a failed sellers attempt. Looking at the TIMEFRAME M1 we see a panicking marubozu with an unusual volume of wind. It goes on its last low point to make a big reversal possibility of breakout the price. At the same time, the VWAP broke the strong resistance and finally...
Hey my friends, OGE ENERGY CORP is a fake bearish move with a shadow of sellers and a high volume of buying traded. In the TIMEFRAME M1 we see an upside down hammer candle bull with a volume explosion that goes towards its last lowest. Then make a big reversal, the propability of breaking the price at the same time breaking a comfort zone to get to its next...
Earnings intraday trading strategy signal.
OGE Energy Corp. provides energy and energy services primarily in the south-central United States.
The company has been beating EPS estimates for 4 of 5 quarters (Q3 18, Q4 18, Q1 19, Q2 19, Q2 19, Q3 19). But yesterday the earnings report has a very negative surprise — www.benzinga.com
I suppose many traders will close...
OGE today reported earnings of $1.25 per share, up from $1.02 the same quarter last year and beating the consensus estimate of $1.10. Revenue was $739.2 million, up from $$684.5 million last year and beating the $728.2 million estimate. The company boosted full-year guidance to $2.24 to $2.30 per share, up from its previous guidance of $2.05 to $2.20 per share and...
On a difficult day to pick stocks, managed to find this nugget of gold. Perfect retracement, daily's good. Arrow is at point of entry (I use 5 min charts but can't publish that timeframe :( )
Hi, Price has touched strong level and there was also a strong pivot which is a good sign to reject price for the mid-term position. wait to see good rejection candles
Good luck!
Happy Pips! :)
On the daily OGE formed an inverse H&S. all three indicators look like they are heading higher. with a little over 2 RRR it looks like a good play to try. It also has options.
weekly
stoch rsi and obv leading the way up. MACD looks to be crossing up.
monthly
MACD and stoch rsi leaning down. OBV neutral
Hi all,
This will be the last update to the Short OGE Trading Plan, as the breakout move is over and hence the Trading Plan is completed.
Here's why>
Update as of 29 July 2015:
Between 23 July to 24 July, Market has briefly traded below the theoretical price target of 28.00.
After which price rebounded sharply to trade at around 29.00 now.
I believe the...
Hi all,
This is an update to the Short OGE Trading Plan, which is about Trading a Double Top Pullback.
Update as of 29 June 2015:
Market has plunged sharply down from $31.20 in the last update to as low as 28.65 on 25 June, and currently hovering at $28.80s.
At this point, the bears have used up much bearish momentum pushing the price to $28.65 and we are...
Hi all,
This is an update to the Short OGE Trading Plan, which is about Trading a Double Top Pullback.
Update:
Market has broken out below support level of 31.15 and closed on 02 June 2015 at 30.55.
Since price has decided to break out below, the bearish momentum should carry price lower towards the profit target of 29.00.
Shifting of Stop Loss to Break...
Hi all,
This is an update to the Short OGE Trading Plan, which is about Trading a Double Top Pullback.
The Earnings Release on 7 May 2015 showed better than expected results.
This has driven price to open higher at 32.23, reaching as high as 32.38 before closing the day at a loss for $31.96.
This price action shows that the Earnings Release has failed to...
Hi all,
Here is a Plan which is about Trading a Double Top Pullback.
In trend reversal chart patterns, after the initial breakout move, there is a tendency for price to retrace towards the breakout line, before continuing the trend reversal move.
This setup provides a good entry as the Stop loss level is clear and tend to have a low probability of losing, if the...
