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EXXI Final Target Hit for a 28% Gain

EXXI daily May 18th Before I leave for vacation later today, I hope to have all of the trade ideas updated.  EXXI (Energy XXI Ltd) was one of several energy stock long trade ideas which triggered a long entry shortly after the sector bottomed earlier this year. EXXI was an explosive & very timely trade, hitting the first target for a 12.8% in just one day. The yellow downtrend line was stated as the next & final target when T1 (3.62) was hit. That downtrend line was 6 trading sessions later for a 28% gain with the EXXI going [...]

2017-03-08T21:20:26+00:00May 19, 2015 9:37am|Categories: Completed Trades - Long|Tags: |Comments Off on EXXI Final Target Hit for a 28% Gain

EXXI First Target Hit for a 12.8% Gain

EXXI (Energy XXI Ltd) has hit the the first profit target, T1 at 3.62, for a very quick, one-day gain of 12.8%. Consider booking partial or full profits and/or raising your stops, depending on your trading plan. EXXI will remain an Active Long Trade at this time with the next resistance level/potential target being the yellow downtrend line and the former potential second target, T2 at 5.50, still a potential swing target. My expectation and preference would be to see EXXI consolidate below the 3.70 level, which defines the top of the recent double-bottom pattern before going on to make a [...]

2017-03-08T21:20:38+00:00Feb 3, 2015 11:11am|Categories: Completed Trades - Long|Tags: |Comments Off on EXXI First Target Hit for a 12.8% Gain

EXXI Long Trade Setup

EXXI (Energy XXI Ltd) was just brought to my attention from a follower of the site (thanks M.).  Assuming the flush-out/bear-trap scenario on crude oil continues to play out as expected, EXXI looks poised for a move up to at least the 3.68 area, about 25% above where the stock closed Friday. As the 4-hour & 60 minute charts below highlight, EXXI closed slightly below a downtrend line/bullish falling wedge pattern on Friday. EXXI 4-hour Feb 2nd EXXI 60-minute Feb 2nd   Although one could certainly use a break above that downtrend line as the trigger for [...]

2017-03-08T21:20:38+00:00Feb 2, 2015 9:05am|Categories: Completed Trades - Long|Tags: |Comments Off on EXXI Long Trade Setup