Sunday, April 1, 2012

Energy stock technical pattern watchlist for April 2nd, 2012

LNG:  Bull Flag- watching for a breakout above $15.00
UPDATE 4/3: Long from $15.10 and holding
UPDATE 4/5: Broke over $16 today and testing recent highs at $16.50
UPDATE 4/10: CLOSED LNG LONG TRADE @ $16.00

FSYS:  Bull flag- Buy the bottom of the flag now, or wait for a confirmed breakout above $28.00
UPDATE 4/2: FSYS broke below support today. Pattern negated.


WTI: 200 DMA bounce- stop under last Thursday lows.
UPDATE 4/3: Holding long, needs to move soon though.
UPDATE 4/16: Stopped out of this trade last week when it broke below support.


ROYL: Trendline and Moving Average support
disclosure: i am long ROYL at $5.09
UPDATE 4/3: Closed ROYL @ Breakeven- Time stop



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