LDC870
Long

KEG 2H Chart Analysis

NYSE:KEG   KEY ENERGY SERVICES INC
Most of the analysis rests on the chart. KEG should follow any WTI rally. Most daily indicators reflect that KEG is WAY oversold. Long term, there's some strong downtrend resistance, but in the short-term I predict a run to 2.20s and then possibly back up to 3.00, which would amount to gains of 25% and 70%, respectively, based on yesterday's closing price of 1.76. This is my opinion and not investment advice - conduct your own DD . GLTA
Trade active: Confirmed double bottom is in; rose to high of 1.94 on Friday and closed at 1.91. Expect continuation next week so long as WTIOUSD continues to rise.
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