NGL Energy Partners LP (NGL)

[pete807]

$10 is a big pivot point clearly in the support/resistance game we are in. Algorithms are riding sentiment as they are programmed to. Discovery takes a back seat to competing with algorithms and HFT. We can expect when we break back through $10 it will become support, but never quite as strong as resistance at first, because of fear based predictions. Algorithms rule these days.

The bigger picture here is where will NGL be in 6-9 months? I like our upside potential and agree with the analysts who average mid 14's coming. As algorithms fail to steal cheap shares with tiny High Frequency trade gains they must adjust to the reality of positive earnings/sentiment coming in Fiscal 2020 that starts in May. We are in quarter 3 of fiscal 2019, ... I know it is hard to think fiscal year but it is already half over for NGL and many companies that make their year end mid year instead of Holiday period at year end. I did the same thing in my retail business life.

-pete