Consolidation since June 20th. Call it rounding bottom, inverted multiple/complex head and shoulders or perhaps a cup and handle bottom but the idea is the same - BREAK OUT AFTER MONTHS OF CONSOLIDATION
ET share is headed up from here.
few fundamental reasons -
1. Reduced correlation with crude oil price reductions .( ET is just not ready to come further down even under under heavy industry down pressure )
2. Recent acquisition is going to skyrocket earnings
3. Binden's infrastructure bill & reopening trend .
ET share is headed up from here.
few fundamental reasons -
1. Reduced correlation with crude oil price reductions .( ET is just not ready to come further down even under under heavy industry down pressure )
2. Recent acquisition is going to skyrocket earnings
3. Binden's infrastructure bill & reopening trend .