Plains All American Pipeline LP
Plains All American Pipeline, L.P. is a midstream service provider. It owns a network of pipeline transportation, storage, and gathering assets in key crude oil and natural gas liquids producing basins and transportation. The stock is listed on the Nasdaq Stock Exchange.
From the chart, one observes that the price has formed a year-long horizontal boundary of resistance around the $12.25 level that has been tested several times. A daily close above $12.60 levels will confirm the breakout with a possible chart pattern price target around the $15.40 level.
From the chart, one observes that the price has formed a year-long horizontal boundary of resistance around the $12.25 level that has been tested several times. A daily close above $12.60 levels will confirm the breakout with a possible chart pattern price target around the $15.40 level.
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Price didn't confirm any entry for the trade idea and has subsequently fallen below the 200MA.