Here is the weekly chart
As you can see price stands at value, the wave does a great job.
Going to the daily chart, we have a class A bullish divergence, and a bullish candle.
The price stands at a very important resistance area on the weekly chart, and it is very important how OIH will act at 55.20$. If there we will see strong rejection, I will close most of the position. If it does go over 55.20, expect it to go at least till 58$, at least!!
Long at 52.22, stop at 51.70$
Going to the daily chart, we have a class A bullish divergence, and a bullish candle.
The price stands at a very important resistance area on the weekly chart, and it is very important how OIH will act at 55.20$. If there we will see strong rejection, I will close most of the position. If it does go over 55.20, expect it to go at least till 58$, at least!!
Long at 52.22, stop at 51.70$
