XCO is a beaten down oil and gas stock, drifting lower but now showing falling wedges and positive divergence. Keystone played the blue lines last week and exited on the bounce, and then reentered and started buying again on Friday looking for another launch move. This is dangerous knife-catching at its most dramatic time, price will either launch again or blow up on the launch pad. The MACD line has a downwards slope so this may cause price to stutter step back down again after the bounce occurs but XCO is looking good for continued upside from here as it places a bottom. The levels now may serve as a potential head of an inverted H&S that will need a right shoulder in May. Projection is a positive divergence bounce to first target the 6.3 gap. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.
I love your editorial dangerous "knife-catching" precisely. I saw your earlier post from this morning I must say I wasn't surprised you stayed up for the auction. I caught 5 knifes in the E-Mini in the early hours buy way of stops. Your work gives me confidence and I thank you for buying lunch today... I bought paas and xco around 3:30PM yesterday and sold them around 10:30AM today.
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