quick idea:
This is a long-term trade based on the fact that oil is coming out of a multi year bear market. I believe multiple companies in the sector will benefit (see: CVX, USO etc) but ET caught my eye for some reason. Looks like a first + second wave completion which could signal a rally on the way. Keeping my eye on this one for now
This is a long-term trade based on the fact that oil is coming out of a multi year bear market. I believe multiple companies in the sector will benefit (see: CVX, USO etc) but ET caught my eye for some reason. Looks like a first + second wave completion which could signal a rally on the way. Keeping my eye on this one for now
Trade active:
Beautiful 8% run after breakout of ascending triangle + strong resistance
