ive highlighted some important numbers in the GUSH etf if crude can gain some positive traction.
I've been watching OIL for a while now. I think the time is now to get on board. Keeping it simple. The cycle timing is right. The MACD is above zero, the PSAR is positive and the long term trend line is broken. Putin meets with OPEC today I believe. I am buying OILU instead of GUSH because the markets keep selling off, which could drag GUSH down despite improving...
$GUSH - Falling wedge into long term $15 support level. Expecting a bounce from this level in near term. Targeting $29 October gap-fill by January. Note: Informational analysis, not investment advice.
entered with little qty. will add more if goes down further
1 MORE SMALL DOWN WEEK AND THEN BIG SPIKE UP
Directional Bias: Long to 41.5+ Price Target: ERX Good Entry: 37.7-38.3 Risk/Reward: $1 cents max stop/$2.5+ reward
here is what i think about gush and just a perspective
$GUSH Oversold at Support - expecting to see a bounce off 33.35 support level
Volatile upward momentum, Quick hits Bull flag with floor and new momentum upward, crucial space for movement Use tools of ^price pressure^ dip= trailing buy <37.5 with stop loss at 37, Upward move, Conditional entry above green line, and trailing stop :)
Personally, I'm leaning towards a trend breakdown because of the RSI has lost it's trend and broken below it. On the other hand, That symmetrical triangle is pretty attractive alternative option to watch.
It would appear that the intermediate term trend is going through an ABC correction. Supply Zone exists in the $53.50-$57 range Long Term Price Support exists at $54 50% Fibonacci retracement exists at $54 Measured Move exists at $55 Channel Resistance exists at $62 Long(er) Term Price Resistance exists at $63 Short Term trend bearish I'll go long when I...
We've gotten some good price action around the 63.45 area. A close above the downtrend resistance line and this becomes a longer term Bull play. It's important to wait for a confirmed "Bullish Reversal Candle". I'm expecting a bit more downside before this Long play plays out. Happy trading, Charles
Looking at the chart for GUSH. I am looking for a break above the last high (green dotted line). A move higher should signal a continuation of higher highs and higher lows (red lines). I'll buy with a break above. OIL is looking good and other stocks like RIG and VLO seem to be trending higher. Wait for the break of the green line to confirm, and then set your...
Looks like the energy sector is heating up. Oil USOIL is trending higher, and maybe the energy services will follow suit. I like the GUSH chart here, all the moving averages have turned higher on the hourly chart.
Abraksas Pete, AXAS is set to run again. With the weekly chart breaking above the 34sma returns look promising. This stock could run up to the $3 range yielding a nice return. The daily chart and hourly charts also look good. As long as the OIL services sector continues higher AXAS should move higher as well. Others to looks at are GUSH, RIG, DO, VLO. Stay in this...
With WTIC moving higher the OIL sector stocks are finally starting to react. GUSH and ERX both looks promising here. GUSH had a big day up over 10%. ERX I am looking to go long with a move over the 50sma. Tomorrow may be a buy.