PBA Energy has not been the best performing sector recently. However, the Oil & Gas Midstream still looks decent. PBA is one of the stocks from that industry that has a nice-looking chart. Trade characteristics:
it's right on the long-term resistance that was broken and the price now clusters around it
volume has been declining steadily, picked up 14th Apr
the price is above all key VWAPs
if the former resistance / new support holds, there is a potential for a high move
risk trade as the energy sector keep showing weakness
I'm interested in buying it if it can get above $26.69 and hold that level, with a tight stop (since it's risky trade) below Friday's low. Other interesting setups from the energy sector (but different industries) are: XOM, CVE, SU.
Giao dịch đang hoạt động
entry triggered
Ghi chú
taking 1/3 off as it looks too overextended now
Ghi chú
dividing sl into two: 1/3 to BE, 1/3 stays as it is now
Ghi chú
moving the second SL to BE
Ghi chú
splitting once again - 1/3's SL goes below today's low
Ghi chú
selling another 1/3 as the breakout level has been reached.
Ghi chú
moving sl of remaining 1/3 below 29.80 - solid support there
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