THE CONSISTENT TRADES analyze PARR as a bullish /strong fundamental stock and therefore would be traded only in a long position. PARR had strong two bull weeks behind itself. It found resistance at 28 and is basing now. It needs to continue consolidation on this level for the continuation of the future bullish move. Volume is fine for now and it needs to...
The green trend line goes back to November of 2015. (if you zoom out you should be able to see). The green line has been long term resistance. After breaking thru purple and yellow trend lines, this stock is trying hard to stay above the last resistance line. If it continues to hold this resistance line as support, obviously it would head higher. If it doesn't...
As shown, majority of energy stocks are starting to correct. Looking into the future, we believe these companies will provide amazing opportunities. We expect barrels of oil to reach $300-400 a barrel by the end of the decade. Recommend tracking this sector very closely for amazing opportunities.
Nice rounded base has formed. Gap above need to be filed. If earnings will be positive and whole market, possible long play candidate. Not a recommendation. Just an observation.
Look for $PARR Pacific to breakout with nice Flag Formation on One Year/ Three Year and Five Year Chart Looking for Upside to new ALL TIME HIGH after $28.30
The trendline is marking a rising trend and has held so far.
The stock seems to have strong fundamentals but based mostly off the technical analysis there seems to be room to trade off the T-line and 3 EMA crossing. The scholastic shows overbought but it still appears to have room before the cross. I recommend a very quick trade if you enter long. This pattern also appears to be at a support level and according to the...