27JUL2018, post market price close at 4.83 now, raise around 9.7%
Down sharp channel (Broken and adjustment completed)
1. A huge down sharp channel developed from 12DEC2016, this was broker at 8JUN2018. A techical adjustment completed until 4.38
2. Adjusted around 22% from 5.6, which equal to around 42% for the whole wave from 2.63 (21FEB2018) to 5.6(10JUL2018), this is sufficient for the adjustment
Cup sharp (Broken and adjustment completed)
1. A Cup sharp made from 12JAN2018 to 17MAY2018, broken up at 17MAY2018, reach up to 5.6, adjustment back to the key support price 4.28 nearly.
How is the news and technical side?
1. The sell of Ohio Assets help the company to reduce the debt successfully.
2. 5 days later would be the Q2 2018 result, assume the company sell their 2019 oil at USD60-70, which should be a good new for them.
3. RSI Daily reach around 32.
4. RSI Hourly already refuse to fall, buy signal.
5. MACD Daily improve
6. MACH Hourly refuse to fall, buy signal.
7. The price at 25JUL2018 (USD4.38), didn't break some key area, last bottom at 5JUN2018 (USD4.2), 25MAY2018 (USD4.09)
Action:
Stop Loss: 4.28
Buy: Add more position at 4.6-4.8 tonight if feasible
Target - Short Term: >5.6
Target - Medium Term: 8.2 (The last top at 12DEC2016)
Down sharp channel (Broken and adjustment completed)
1. A huge down sharp channel developed from 12DEC2016, this was broker at 8JUN2018. A techical adjustment completed until 4.38
2. Adjusted around 22% from 5.6, which equal to around 42% for the whole wave from 2.63 (21FEB2018) to 5.6(10JUL2018), this is sufficient for the adjustment
Cup sharp (Broken and adjustment completed)
1. A Cup sharp made from 12JAN2018 to 17MAY2018, broken up at 17MAY2018, reach up to 5.6, adjustment back to the key support price 4.28 nearly.
How is the news and technical side?
1. The sell of Ohio Assets help the company to reduce the debt successfully.
2. 5 days later would be the Q2 2018 result, assume the company sell their 2019 oil at USD60-70, which should be a good new for them.
3. RSI Daily reach around 32.
4. RSI Hourly already refuse to fall, buy signal.
5. MACD Daily improve
6. MACH Hourly refuse to fall, buy signal.
7. The price at 25JUL2018 (USD4.38), didn't break some key area, last bottom at 5JUN2018 (USD4.2), 25MAY2018 (USD4.09)
Action:
Stop Loss: 4.28
Buy: Add more position at 4.6-4.8 tonight if feasible
Target - Short Term: >5.6
Target - Medium Term: 8.2 (The last top at 12DEC2016)
Comment:
Bullish Harami appear today, let's observe if it hit bottom at 27JUL2018