Parsley Energy Stock Price Analysis
Was going through stocks in an uptrend in the 60 min charts and found Parsley Energy Stock. Ticker symbol PE. The stock is in the Oil & Gas Exploration And Production sector is looking like it is breaking out of daily and weekly trading ranges.
What I like about this stock is that it is in a daily uptrend, weekly uptrend and it is at an all time high. Many people are afraid of buying stocks at so high but I love them because they tend to have no overhead resistance and you never know how high this kind of stock can go. Which is exactly what I love in trend trading a stock.
Might also be looking at the options spreads and Thetha and all those stuff to see if playing it using options is viable. This is not a stock recommendation. The problem with showing people individual stocks is that they are happy if the stock goes up. If it fails to breakout or perform to expectation, they get angry or upset. I'm not sure even I would trade it or not. Just will be looking at this stock closely to see if it is worth trading this stock.
So, I am stalking this stock Lol. (monitoring will be a better word). Let's see what the charts are telling us.
What I like about this stock is that it is in a daily uptrend, weekly uptrend and it is at an all time high. Many people are afraid of buying stocks at so high but I love them because they tend to have no overhead resistance and you never know how high this kind of stock can go. Which is exactly what I love in trend trading a stock.
Might also be looking at the options spreads and Thetha and all those stuff to see if playing it using options is viable. This is not a stock recommendation. The problem with showing people individual stocks is that they are happy if the stock goes up. If it fails to breakout or perform to expectation, they get angry or upset. I'm not sure even I would trade it or not. Just will be looking at this stock closely to see if it is worth trading this stock.
So, I am stalking this stock Lol. (monitoring will be a better word). Let's see what the charts are telling us.
