This energy company:
- ran up from its lows
- consolidated at resistance
- is now breaking out of that consolidation
- is showing a large inverse H&S (parallel with Oil)
Long position from $12.10. 10% stop, a little below $11. I'm a little late from breakout so my risk is slightly higher, but still <1% of account. Already rose to $12.19 as I wrote this.
First target around $15, but most likely will just track the Oil cycle.
My other energy positions (all green) that I neglected to post are
ERF @ 6.82,
CHK @ 5.71,
OAS @ 8.59 & 9.15,
BTE @ 5.12
- ran up from its lows
- consolidated at resistance
- is now breaking out of that consolidation
- is showing a large inverse H&S (parallel with Oil)
Long position from $12.10. 10% stop, a little below $11. I'm a little late from breakout so my risk is slightly higher, but still <1% of account. Already rose to $12.19 as I wrote this.
First target around $15, but most likely will just track the Oil cycle.
My other energy positions (all green) that I neglected to post are
ERF @ 6.82,
CHK @ 5.71,
OAS @ 8.59 & 9.15,
BTE @ 5.12