Feb 12: 23.00 AEDT
Ok here is one for the oil bulls.
This stock has been beaten up recently,
but the falling wedge and solid volume support
at $3.60 and $3.90 suggests ST potential.
Weekly Support is rising underneath, but at $3.50+
Ok the Trade:
Buy now on the bullish gap bar at $3.90 SL $3.80 TP#1 $4.10 TP#2 $4.40
RR := 50/10
If it fails - re-enter at the bottom of the body gap/Weekly support.
Buy $3.60 SL $3.50 Tgt $4.40
Profit less our loss above RR 70/10
Tgt is the upper body gap during WTI push higher and the rising tide.
Warnings:
It has not broken downtrend;
There is a 13m short position overhang;
The body gap under;
Positives:
Oil and USD rising - good for the bottom line;
Bullish last 3 bars and its above the T-Line;
Indicators and BBs (not shown) are positive.
My position: Break out (fake) then pull back to lower gap
then rally - but it depends upon Oil, UUS an the S&P500
:= Quick long, short, long
This is an opinion not a guarantee and
... just my 2c worth ...
Ok here is one for the oil bulls.
This stock has been beaten up recently,
but the falling wedge and solid volume support
at $3.60 and $3.90 suggests ST potential.
Weekly Support is rising underneath, but at $3.50+
Ok the Trade:
Buy now on the bullish gap bar at $3.90 SL $3.80 TP#1 $4.10 TP#2 $4.40
RR := 50/10
If it fails - re-enter at the bottom of the body gap/Weekly support.
Buy $3.60 SL $3.50 Tgt $4.40
Profit less our loss above RR 70/10
Tgt is the upper body gap during WTI push higher and the rising tide.
Warnings:
It has not broken downtrend;
There is a 13m short position overhang;
The body gap under;
Positives:
Oil and USD rising - good for the bottom line;
Bullish last 3 bars and its above the T-Line;
Indicators and BBs (not shown) are positive.
My position: Break out (fake) then pull back to lower gap
then rally - but it depends upon Oil, UUS an the S&P500
:= Quick long, short, long
This is an opinion not a guarantee and
... just my 2c worth ...
노트
Mar 6STO has hit the buy zone with 2 x dojis/spinning tops.
Volume was solid Friday and it gapped down.
Both long underpins suggest (to me) there is bullish absorption.
Short closed Friday - Long opened today.
Weekly support is now at $3.56 with your stop just under that.
For an interesting view on candles and charts in general see Tom Bulkowski at
thepatternsite.com
Patience and confidence
... just my 2c worth
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.