Price hasn't been here since Feb of 1999 and if it plays out like I think it will, I'm gonna party like it's 1999. Three-year falling wedge along with the fact that upwards of 4.75 million shares were bought by whales today, I think I'm def long at this level. Targets shown by price bubbles are obviously zones and not exact to the cent but, this should give an idea of where to take profits.
I don't think its going to go up nearly as high as you expect. Ive worked in oil industry for 13 years. With this year being an election year, companies will work till about september and then quit during the election and depending on who will be president will determine whether or not oilfield companies keep drilling or pack it all up. Good luck