KEY could selloff further after todayKEY riding support after hitting a resistance wall. Could see bigger selloff after today's dividend date.
Keyera Corp.
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KEY looking very strong!KEY in a very strong uptrend! Just needs to keep knocking off resistance levels.
KEY challenging another resistance levelKEY challenging a gap resistance level, with good volume and a cross of the MACD should have no problem taking out this level.
Major Gap Fill for KEYIt took a while but KEY filled a major gap and looks very bullish and has support at the $30.38 mark. However, with a dividend payout looming a sell off will probably occur. I believe the shareholder of record date is May 25th, you might want to take profit after this date because a sell off will usually come with this.
KEY post dividend dumpKEY post dividend dump. It's almost like clockwork, after the dividend there is a sell off. The trend has turned to the downside, not a bad idea to take profit until the trend reverses again especially with KEY having a big gap to contend with before it moves higher.
KEY has work to do.After breaking a tough resistance level and holding, KEY has it's work cut out for it dealing with a big gap to fill.
Trendline Trading Tell StoriesI want to share with you another TREND LINE trade I have my eyes on. Ticker KEY - Keyera Corp.
I cant help but admire what I see here from a technical standpoint. I'm liking the current price point here as we may, AFTER 2 previous attempts, see a break through the upper ascending trend line. We have support of higher highs and higher lows. Also not extended and has technically held nicely the 200 EMA.
Here is what will be my intended move; If we see this today or over the next few consolidation days break through with volume and commitment, I will place an order for a retest of where it breaks. Perhaps in that 27.60 zone. (The once ceiling now becomes the floor)
LOTS OF ROOM ABOVE to grow. See to the the left, possible price points to off load.
Now, should this stock pierce the upper ascending trend line and fail to hold, I will keep a tight leash on it.
Comments and opinions greatly appreciated.
KEY challenging resistance againKEY trying to stay above resistance. It's broken through but needs to stay and close above. Early on it has some upward momentum but volume is low and needs to pick up to hold the $26.95 mark.
KEY trying to find supportKEY looking very weak, breaking through our trend line and trying to find support at 24.56. A lot of downward pressure might be hard to hold this support level.
KEY showing weaknessAfter re-evaluating things, it will be a slower return to the upside. With the trend being bearish it will be a more gradual climb. Most likely to find resistance at the 200.
KEY dump after dividendKEY was already showing weakness and now you have your typical dump following the dividend payout. Both down trends prior to this followed the same angle when it reversed to the upside, look for it to do the same again.
KEY showing weaknessKEY showing weakness after a failed attempt at breaking resistance. Needs to find support, if the 50 fails as support the next stop is the 200.
KEY - Head and Shoulders Potential Move -ve 38% I own this stock, and I'd prefer not to sell, I have to accept that price can move on technicals if there is a catalyst. Could be some tax-loss harvesting, vaccine troubles, insert reason here. RSI showing bearish divergence. Would prefer that the neckline is tested in the next month or so, at 20, which presents a good buy price to add, of course with the yield climbing as the stock goes down and if it goes down, anywhere between 18-22 is a sweet spot for my account as long as price does not collapse and the fundamentals remain decent. If the neckline fails to protect this stock can go all the way down to 15 and change which would represent a measured move to complete the head and shoulders pattern, and something bad happening (excuse). Also earnings report in February can potentially cause some volatility here.
I will have to look at other midstream companies to determine if this is an outside case for the industry. If it is systemic, then I might be seeing something similar with other names, ENB and PPL. Oil and Gas have done quite well in the last month and a half, so if the trend continues this will only be a pattern that does not manifest most likely.
Reversing and making its way back up to $37KEY has had higher lows each of the past three trading days. It has also test prices at the lower bollinger band level. Price action shows a rising bull market.
Lots of momentum and the bulls have definitely taken over. I expect it to rise to at least $37.
