Some of the energy stocks are starting to break long term
trendlines like the largest company in Columbia EC which I picked
up last week at 9.75 prior to the break of a 7 year trendline. I
think the dividend is around 16%. This should be a macro play for
several years:
https://stockcharts.com/sc3/ui/?s=EC&a=2116872941&p=W&yr=15&mn=10&dy=0&id=p36251508129
And XOP component SD Sandridge Energy broke out of a 3 year
wedge two weeks ago, dipped back in last week where I picked it up.
And this should run for a while.
The deep water drillers tend to have long patterns both to the
upside and the downside and tend to lead off major lows. Back into
the April/May low in 3 different drillers executives bought up a
lot of shares so I started adding some of these like RIG and TDW in
April and BORR and HP in May. No drillers in XOP. the drillers are
in XES, and OIH.
This one looks like it could be added now. I bought the first
pinch on October 20th, where I put in the green vertical bar. And
its tighted up again and looks like its ready for another push:
I'll show some I like the wedge patterns they have. this one
broke the first wedge and peaked out of the second one and pulled
back. I think its going to break soon:
https://stockcharts.com/sc3/ui/?s=RES&a=2098942016&p=W&yr=6&mn=10&dy=0&id=p18751034307
XOP divided by GLD. Looks like a 5 wave corrective pattern that
will soon be favoring XOP to outperform GLD:
https://stockcharts.com/sc3/ui/?s=XOP%3AGLD&a=2057007312&p=W&yr=7&mn=8&dy=0&id=p46614071459
Posted by sandiegosam on 16th of Nov 2025 at 02:36 pm
interesting that with many speculating that 2026 will be a
challenging year and oil price in a downtrend, energy is breaking
out. I guess maybe AI>economic.
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This pattern would be potent
Posted by steve101 on 16th of Nov 2025 at 12:19 pm
This pattern would be potent if it plays out over time: https://stockcharts.com/sc3/ui/?s=XOP&a=2118151895&p=M&st=1995-11-17&id=p52296276800
Some of the energy stocks are starting to break long term trendlines like the largest company in Columbia EC which I picked up last week at 9.75 prior to the break of a 7 year trendline. I think the dividend is around 16%. This should be a macro play for several years: https://stockcharts.com/sc3/ui/?s=EC&a=2116872941&p=W&yr=15&mn=10&dy=0&id=p36251508129
And XOP component SD Sandridge Energy broke out of a 3 year wedge two weeks ago, dipped back in last week where I picked it up. And this should run for a while.
https://stockcharts.com/sc3/ui/?s=SD&a=2119706315&p=W&yr=6&mn=10&dy=0&id=p18751034307
The deep water drillers tend to have long patterns both to the upside and the downside and tend to lead off major lows. Back into the April/May low in 3 different drillers executives bought up a lot of shares so I started adding some of these like RIG and TDW in April and BORR and HP in May. No drillers in XOP. the drillers are in XES, and OIH.
https://stockcharts.com/sc3/ui/?s=HP&a=2035966364&p=D&yr=0&mn=9&dy=0&id=p66964893502, https://stockcharts.com/sc3/ui/?s=BORR&a=2035961394&p=D&yr=0&mn=9&dy=0&id=p74472466963, https://stockcharts.com/sc3/ui/?s=TDW&a=2035964905&p=D&yr=0&mn=9&dy=0&id=p66964893502
This one looks like it could be added now. I bought the first pinch on October 20th, where I put in the green vertical bar. And its tighted up again and looks like its ready for another push:
https://stockcharts.com/sc3/ui/?s=PTEN&a=2092144664&p=D&yr=0&mn=9&dy=0&id=p69242861012
I'll show some I like the wedge patterns they have. this one broke the first wedge and peaked out of the second one and pulled back. I think its going to break soon: https://stockcharts.com/sc3/ui/?s=RES&a=2098942016&p=W&yr=6&mn=10&dy=0&id=p18751034307
26 looks like resistance. kind of an inverse head and shoulders pattern: https://stockcharts.com/sc3/ui/?s=APA&a=2092165662&p=W&yr=10&mn=10&dy=0&id=p19203493599, https://stockcharts.com/sc3/ui/?s=APA&a=2121892553&p=D&yr=0&mn=9&dy=0&id=p74472466963
Interesting ratio Oil and Gas Services divided by SILJ: https://stockcharts.com/sc3/ui/?s=XES%3ASILJ&a=2121924343&p=W&yr=6&mn=6&dy=0&id=p93477072287
XOP divided by GLD. Looks like a 5 wave corrective pattern that will soon be favoring XOP to outperform GLD: https://stockcharts.com/sc3/ui/?s=XOP%3AGLD&a=2057007312&p=W&yr=7&mn=8&dy=0&id=p46614071459
interesting that with many speculating
Posted by sandiegosam on 16th of Nov 2025 at 02:36 pm
interesting that with many speculating that 2026 will be a challenging year and oil price in a downtrend, energy is breaking out. I guess maybe AI>economic.