Basic supply demand setupOK, this stock has several things going for it. It’s an oil company. And we all know that clean energy is going to die in the next four years. So it time to pump oil and gas stocks once again.
KLXE trade ideas
Basic supply demand setupOK, this stock has several things going for it. It’s an oil company. And we all know that clean energy is going to die in the next four years. So it time to pump oil and gas stocks once again.
KLX Energy bounced off a floor. KLXEWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
KLXE - Challenging the trendlineWe've tried the long term downtrend today.
We got a rejection today, but we have momentum.
Let's see how that goes :D
KLXE - 🚀 TimeIt looks to me like this chart has hit bottom.
The ATR is approaching a previous bottom, RSI is trending upwards, but price isn't quite following yet.
I'll save you some time doing DD - This company is a bag of crap - A huge pile of debt and cashflow concerns.
.. but it's always darkest before the dawn, and $80+ WTI and a pile of new orders is what these guys need to pull off their turnaround.
My favorite part about this one is that you can get in with your stop loss 10-15% below purchase price, and even if you're only playing the first obvious target level, you're looking at 45% upside.
.. and if that happens, it could happen in one day. This thing has a low float, you can see how volatile it can be.
Disclosure: I just picked up 10k in stock.
I'm mostly writing this this so I can show everyone that I'm a genius after the 🚀🚀🚀
I am just a dumb 🐵. I am most certainly not a financial advisor.
KLXE $2 SWING **HIGH ALERT**All,
Need full candle breakout here could easily move $2 maybe more. Not entering without full candles retest etc.
KLXE Trending UPA classic trend reversal as indicated by the 72.8% bump and a 72.8% retrace; the Cypher Pattern is in the final leg with a great upside potential.
Current price of $6.44; potential longer term target of approx. $37 by the end of Jan '21.
EES ;)
Chart looking bullish.MACD is looking stronger with green getting wider. Trading with huge volume on both candles that gaped up. No news on the company on why it went down or why it went up.
KLX Energy Services Holdings, 20 % upside trade KLX Energy Services Holdings, Inc. engages in the provision of completion, intervention and production services and products to onshore oil and gas producing regions. It operates through the following geographical segments: Southwest, Rocky Mountains and Northeast. The company was founded in 2018 and is headquartered in Wellington, FL.
Can KLXE’s Volume Spike initiate breakout? Since May 2019, KLX Energy Services Holdings Inc (KLXE) has suffered a relentless decline, which saw prices fall to $2.55 by early April of this year. Throughout 2020 prices have ebbed and flowed reaching $17.49 on the 9th of June, which marked the top for this year so far. Since then prices have tumbled back to the $3 handle, creating a nice multi-month bottoming pattern.
Yesterday’s volume spike helped prices surpass the 20 period daily moving average, and knife through the falling wedge resistance line at (1), which could be the precursor for further upside for the mid to long term.
