ENERGY TRADE ideas
The following is a portion of a ' Premium Report' put out Monday Jan 26. This is only 1/2 of the report, but should be helpful . To be honest, I initially only made small profits on some of these trades at first. I had to leave town after the New England Storm , and since positions are volatile at the lows , I cashed out & re-entered later when I could monitor them. I 've added a few updated charts too. Enjoy
JAN 26 ,2015
Let me start by showing you an Energy stock that got taken out to the whipping post. It is beaten down and has double bottomed. It seems like all of the downside ( At least for now) has been met. Risk reward is skewed toward less risk (Using stops) and more upside potential if conditions play out. Some of these stocks could just "Bounce" and do very well.
EXXI WEEKLY - Double bottom with a MACD cross? $2.60