Too many oil companies look good. DK is another.
"Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, asphalt, renewable fuels"
It's pushing into an 800+ day high. Not financial advice, so look for this one to push above $30 on good volume for those paper trading accounts. $30 should serve as solid support as Raymond James and Piper Sandler have price targets of $32 and $41 respectively (Not suggesting that there is veracity to what these people think. Only that this may bring in the fundamental traders to defend this territory). 14-day ATR is ~$1.50. So paper traders could set this as a trailing stop once at $31.50 or so, loosening if it moves higher.
Watch the gap from the first third of May. I imagine that there are quite of few orders down there that may lead to a shake-out.
Below $26.50, the idea is broken.
It's pushing into an 800+ day high. Not financial advice, so look for this one to push above $30 on good volume for those paper trading accounts. $30 should serve as solid support as Raymond James and Piper Sandler have price targets of $32 and $41 respectively (Not suggesting that there is veracity to what these people think. Only that this may bring in the fundamental traders to defend this territory). 14-day ATR is ~$1.50. So paper traders could set this as a trailing stop once at $31.50 or so, loosening if it moves higher.
Watch the gap from the first third of May. I imagine that there are quite of few orders down there that may lead to a shake-out.
Below $26.50, the idea is broken.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.