📈 Key Points:
Partnership: PBF Energy recently formed a 50/50 partnership with a division of global energy giant ENI.
Biorefinery Project: The collaboration is focused on supporting the financing of a biorefinery project.
Growth Driver: The biorefinery project is expected to be a significant growth driver for PBF Energy in the coming years.
Capacity Increase: The...
Hi traders.
Let´s wait for the price to retest the resistance zone and enter the short position.
Our estimated target is 32.82$.
Entry and stop loss are showed on the chart.
Good luck!
PBF Energy Inc., together with its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending...
$PBF is a stock that trends very smoothly, in the daily and weekly timeframe and historically has given us a lot of good trades over the years. It has a low risk buy setup here, so it's worth playing it (also present in $CL_F, so you can trade either of the two, in my case I''m long oil futures but not $PBF yet).
Best of luck!
Cheers,
Ivan Labrie.
PBF Potential Breakout likely
Watching to see how we react into supply above
if we are able to flag and build at resistance creating an area of support i see further upside highly likely
The idea here is about PBF Energy Inc:
PBF Energy, Inc. engages in the operation of a petroleum refiner and supplies unbranded transportation fuels, heating oil; petrochemical feed stocks, lubricants, and other petroleum products in the United States. It operates through the following segments: Refining and Logistics. The Refining segment refines crude oil and...
Energy has come down a fair amount over the past 3 months. With winter coming and the EU out of energy, I expect energy to swing higher and PBF has an appealing chart with the 9 day crossing over the 21 day. I expect a 2-3 month hold on this chart.
Exit around 46
Stop at 30
Looking for a scalp under $39- 38. Sold short 2,000 shares this morning average $40.50. Will add again at $42, 43, 44 etc. Looking to buy PUTS over $43.00
NYSE:PBF is still lagging behind compared to the energy sector but is currently trying to catch up. It recently broke out of the inverse head and shoulders pattern, any pullback towards the neckline is a buy opportunity. Targets and anticipated price action is shown on the chart, stop loss daily close below 20 MA.
targets and anticipated price action are shown on...
$PBF in the oil sector. Very defined 5 months cup and handle pattern. One strike is the depth of the cup with is 60%. A bit wee too much for my liking but really like that right side
