Friends,
Just looking through charts and came across this. This idea needs confirmation before it's short able. But looks good to me.
Looking at the fundamentals- This stock has the latest buying as oil prices surged after the Organisation of Petroleum Exporting Countries increased its 2015 forecast. Saying this, I think it's a far cry. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and generally disappointing historical performance in the stock itself. I think these weaknesses serve as a reason to keep this as a SELL. Buyers are probably reluctant to get into this stock simple because there is much more rewarding stocks to get into compared to PWE.
I hope the way i explain my ideas is educating people on different ways technical analysis and the psychology of trading.
Thanks so much.
Tom
Just looking through charts and came across this. This idea needs confirmation before it's short able. But looks good to me.
Looking at the fundamentals- This stock has the latest buying as oil prices surged after the Organisation of Petroleum Exporting Countries increased its 2015 forecast. Saying this, I think it's a far cry. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and generally disappointing historical performance in the stock itself. I think these weaknesses serve as a reason to keep this as a SELL. Buyers are probably reluctant to get into this stock simple because there is much more rewarding stocks to get into compared to PWE.
I hope the way i explain my ideas is educating people on different ways technical analysis and the psychology of trading.
Thanks so much.
Tom