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Keyera Corp T.KEY

Alternate Symbol(s):  KEYUF

Keyera Corp. is a Canada-based company, which operates an integrated energy infrastructure business. The Company operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment includes raw gas gathering systems and processing plants located in natural gas production areas primarily on the western side of the Western Canada Sedimentary Basin. The operations primarily involve providing natural gas gathering and processing, including liquids extraction and condensate stabilization services to customers. This segment also includes sales of ethane volumes. The Liquids Infrastructure segment provides fractionation, storage, transportation and terminalling services for natural gas liquids (NGLs) and crude oil. The Marketing segment is primarily involved in the marketing of NGLs, such as propane, butane, and condensate; and iso-octane to customers in Canada and the United States, as well as liquids blending.


TSX:KEY - Post by User

Bullboard Posts
Post by Opportunuson Jan 21, 2020 10:07pm
94 Views
Post# 30580825

The breakout is real, but a strong resistance ahead

The breakout is real, but a strong resistance aheadI think the breakout is real. First, 34-34.4 represents a strong resistance level. We saw the share price peaked arond this level several times: last May, last June, early last July (the share price pulled back and then charged ahead, and reached a high arounf 35.8) , early last August,  last September, last November... We never closed above 34 untill last December. So, closing above 34 is significant, and now we are above 35. And, here time also counts. The share price entered this level December 16. More than one month passed since then. Then why we don't see higher share price? I think that is because we are approaching another strong resistance level represented by the multiyear downtrend line which gives an area around 35.5 to 36.  That level is also a previous high. A previous high is usually viewed as a resistance. 
Bullboard Posts