The crude oil business isn't doing as well right now. If you are going to go for a swing trade and hoping for profits, I will hold off until It starts to have a reversal at 10.3-10.5. Other than that, GREAT catch!
kmacalin2025
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@coolpranx, Agreed! It’s not doing well, but still undervalued for a good swing trade.
coolpranx
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@kmacalin2025, I actually made a profit on UWT today. I'm just going to sell it, because the volume seems to be going down. Let's just see what happens and hope for the best!
kmacalin2025
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@coolpranx, Congrats on good execution! My setups are based on holding for couple days / weeks with a position size that people can handle. We’ll see what happens!
coolpranx
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@kmacalin2025, Thank you! I am really conservative, so a profit is a profit for me. Yes, I am sure that if you hold it it will bounce back from a new support line. If you wait a month or so in my opinion, then the stock will probably be back where it was a couple days ago or even break through. Good luck, and keep pushing on!