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Strategies & Market Trends : Underexposed Technical Analysis

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To: Kitskid who wrote (169)9/27/2017 3:16:52 AM
From: Underexposed   of 254
 
That was a pretty modest pullback for AltaGas on Tuesday. It still closed above the upper bollie and that makes 6 times in a row.... very rare...I feel there will be a pretty substantial pullback to come.

Well if you are guaranteed $31 for the ALA.R if the deal fails I suppose that is something. But if that deal fails the stock price will probably plummet as many are probably in this stock on speculation of the deal being finalized. A bit of a dice roll though initially it looks fine.

Oil and gas is still salting out the best of breed

The only one I own right now is Vermillion Energy [TSX:VET] @$45.16cdn/share. Fundamentally if is one of the best out there and has a nice $0.22/share dividend/month.

I used to own stocks like CrescentPoint Energy [TSX:CPG] which was a $40/share stock once but now is wallowing at $10 having risen from a low of $8.50.

I think I will have to take a serious look at the OIL and Gas sector again

I used to play Pengrowth Energy [PGF.TO]...It quit its dividend and dropped to $0.80cdn per share and was there until a week ago.... In 5 days it is up to $1.45/share.... nice.



Quite nice but it is high above its upper bollie so I would expect severe profit taking soon.

A very nice short term game but it takes a lot of work to find these suckers. But if they are going to perform like that it's worth it :)

Yep, a lot of work to find these opportunities, but they do pay off when you find them.

The clue in this chart was the sharp rise in first the Slow Sto and then the MACD follows.... you wait for the BBwidth trigger and bingo.... actually it would have been best if you anticipated the sudden rise based on the flat BBwidth and sudden rise of the other two indicators.

I think O&G may be worth a serious look now...hmmmmmmmmmmmm
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