#$WES $WES broke box on 26 May. But had long wick on top. On 27May got a close with good bar. Closed 27.77 range. Can be entered on Monday @27.7 levels. Also good RS value
#$WES Yesterday took high of February. But did not close above February high. So i will enter 50% today to see how this goes. Also yesterday volume was 10 day high volume.
Some energy stock on way watch list are setting up to go again. Western Midstream is one that is looking almost ready to go. Western Midstream Prtns (WES)- LIMITED PARTNERSHIP THAT OWNS 3 TYPES OF PARTNERSHIP INTERESTS IN WESTERN GAS PARTNERS LP (WES),
Ascending triangle, confirmed Pros: Descending volume during formation Volume increase at break out Golden cross in blue PPS above 50MA and 200MA RS above 0, and ascending ATR Ascending R/R ratio above 9 250RSI above 50 200MA ascending Target: PT = 25.09$ Help how ever you can to keep this alive. Thank you to those who have donated Coins! Stay Humble, have fun,...
SHORT around 16.45 T1 15.25 T2 14.50 SL closing up 17.15
SELL for T1 11.13 then T2 9.55 SL closing up 15.20
Ticker: WES Position: ~ $7.00 Strike Call (Currently around $0.62/ contract) ~ May 15th expiry ~ Delta = 0.57 ~ Risk no more than $300 (4-5 contracts) Exit/ Profit Targets: ~ Close below the neckline = exit trade (approximately $6.00) ~ Initial target = $8.00 ~ Secondary target = $11.00 Rationale: ~ Inverted H+S breakout ~ RSI confirming latest move...
Quick pattern update here. WES appears to have an Inverse H+S pattern forming on the lower timeframe. A clean break from the pattern would target the $9.30 range, setting a conservative exit, with a close below the purported right shoulder would minimize potential for losses. WES has been one on my list for a while lately and I recently closed a position for...
Ticker: WES Position: ~ $4.00 Strike Calls ~ May 15th Expiry ~ Cost = $0.40/ contract (at time of writing) ~ Delta = 0.56 ~ Run 5x contracts = $200 total outlay for the trade (subject to change) Profit Targets/ Exit: ~ Due to the low cost of the trade, i will likely not run a stop on this position, but i have outlined a stop at the $2.50 level ~...
NYSE:WES The last paper in the shorts for today Like the previous three, the stock does not follow the market. I really like such papers, they are simple and clear. Once again, big money is traded on simple principles... Accumulation suggests that having broken the level of $3, we can get a simple shorts. Guys, if anyone can make money on stocks today, let me...
Ticker: WES (right side is XLE for comparative purposes on a weekly) Position: - Feb 21st Expiry - 5x $20 Strike Puts (ITM) - delta = 0.60 - cost = $1.38/ contract - 5x $18 Strike Puts (OTM) - delta = 0.19 - cost = $0.35/ contract - Should the stock move to the initial target, the OTM options will be more than covered by the ITM options increase in premium ...
Western Gas Partners (WES) broke out of the small downtrend (yellow). It means that wave B is over and the wave C up has started. Price could reach either the previous top tagged by wave A at 67.44 or hit further up to touch previous major top at 79.81 as highlighted with orange rectangle.