timwest
Long

Royal Dutch Shell turning up from oversold

BATS:RDS.B   ROYAL DUTCH SHELL PLC
424 3 3
Royal Dutch Shell is still in the bottom of its trading channel and looks like it has potential to rebound to its upper channel.

The catalyst to drive a rebound may be a lagged response to the recent rise in the price of crude oil             .

Oil             stocks have lagged the overall stock market badly in the past year and have been dragged down by the apparent overinvestment in commodity-related stocks .

Risk: 3 average trading ranges.
Reward: 3 average trading ranges.
Probability of a successful trade: 75% (just my opinion)

Define avg trading range: 11-days-average true range.

Cheers.

Tim 10:11AM EST Tuesday, July 9, 2013
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
Barker
3 years ago
Vey similar to $POT
Reply
timwest PRO
3 years ago
Happy to report a successful exit from RDS.B
Reply
Amirfan
3 years ago
Great Job Man
Reply
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