GASL: Exiting Bearish Long-term Pennant with MACD Divergence.

62 1 1

The trend-lines and MACD divergence a bullish exit between now and January 20.

The previous MACD divergence from 10-27 to 12-11 indicates a slow reversal starting on 12-11.
The new MACD divergence from 12-08 to 1-13 indicates a new trend starting on 1-20.

Major News to consider:
- Iran sanctions lifting, allowing 200K to 1000K barrels oil/day into the market.
- Folding of 60+ exploratory projects by US petroleum companies.
- Defaulting micro-cap and small-cap oil             companies.
- OPEC tension, Saudia Arabia tension and austerity.
One more thing: A reverse-split is very possible by the ETF managers. A reverse split will change the price of the ETF, but it will not change the fundamentals. This is important to keep in mind, for 3x ETF are highly manipulated and subjected to bearish deterioration due to daily re-balancing.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out