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.
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