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Keyera Corp T.KEY

Alternate Symbol(s):  KEYUF

Keyera Corp. operates an integrated Canadian energy infrastructure business with interconnected assets and expertise in delivering energy solutions. The Company's predominantly fee-for-service based business consists of natural gas gathering and processing; natural gas liquids processing, transportation, storage and marketing; iso-octane production and sales, and a condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Its segments include Gathering and Processing, Liquids Infrastructure and Marketing. Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products and separate the economic components, primarily natural gas liquids (NGLs). Liquids Infrastructure segment owns and operates a network of facilities for the gathering, processing, storage and transportation of the by-products of natural gas processing. Marketing segment is involved in the marketing of NGLs.


TSX:KEY - Post by User

Bullboard Posts
Post by Opportunuson Jan 21, 2020 10:07pm
97 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