Dear readers, I am seeing more and more short selling opportunity for stocks in the energy sectors. Below are two stocks on my short-sell watchlist. I will be averaging in my short entry with stop loss just above the red Kijun Ichimoku line.
Chesapeake Energy Corp broke out of its decending triangle last week on high volume and its a short opportunity now as it retest its resistance at the neckline.
Stone Energy Corp (SGY) is currently hugging the 50day MA and had closed below the 50day MA for 2 days. Any signs of weakness today towards the closing on Maday will see me initiating a short position on this stock.
Always trade with stop loss and the correct position sizing !
Chesapeake Energy Corp broke out of its decending triangle last week on high volume and its a short opportunity now as it retest its resistance at the neckline.
Stone Energy Corp (SGY) is currently hugging the 50day MA and had closed below the 50day MA for 2 days. Any signs of weakness today towards the closing on Maday will see me initiating a short position on this stock.
Always trade with stop loss and the correct position sizing !
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