ET
BUYPublished once at least 12 trading days had closed after this run.
Summary
Buy ET Energy Transfer LP: starter long on settled hold above short term trend support, add only on strength through resistance or on a dip to support; disciplined size into the squeeze, risk managed on loss of trend with upside toward resistance plus 6.33% yield; 5 day horizon for alpha, core held for income.
The case
Stacked uptrend remains intact with price above rising short, medium and long term averages and trend support, while momentum has cooled without reversing and remains below overbought. Our analysis notes prior overbought readings held and prior dips were reclaimed without distribution, yet the 16.9% extension above the long term average with flat upper band resistance, crowded bullish positioning and 57.8% implied volatility plus incomplete volume and leverage and project delay warrant discipline. Operating cash generation comfortably covers the dividend with modest valuation multiples and low beta, and institutional accumulation supports continuation, but extended conditions argue against chasing in full size at once. Hence a disciplined tranche Buy approach captures upside and income while managing squeeze risk.
What would weaken it
- Extended 16.9% above long term average with flat resistance
- Crowded bullish positioning and 57.8% IV
- High leverage and project delay with incomplete volume
This case is at least 12 trading days old. The current day’s signals are for members.