Technical analysis covering the energy sector via XOP, XES & several energy stocks that stand out as potential trade ideas at this time.
The following Long Trade Ideas have either hit one or more profit target and/or exceeded their maximum suggested stop criteria. These trades will now be moved to the Completed Trades category, where all associated posts will be archived for future reference. WTI: This one was just added as a long entry yesterday on a breakout above dual resistance levels. The stock was down sharply today apparently on this form 10-Q/A filing, crossing below the maximum suggested stop below a 3:1 R/R to the final price target (which was 1.00 above the entry price, which put the stop at 3.60). DAVE: [...]
WTI (W&T Offshore) offers an objective long entry on this break above both the primary downtrend line & the 3.91 resistance level. Suggested stops using a 3:1 R/R to one's preferred price target (T1-T3). WTI was posted as a trade idea in the Trading Room last night by member Wiseguy (thanks!) and is one of several energy sector trade ideas posted in the new forum lately with some of those likely to also be added as official trade ideas soon. WTI daily Nov 10th