Just a thought, same scenario as Whiting Petroleum after Chap 11 was announced. I remember b c I traded WLL many times from .32c-$3 B4 finally the shares were reissued and investors got F**ked.
Where's all my Whiting bulls at? I know you guys made me famous on TV & now you bull r thinking Im all bearish en shit. But I say no I'm just waiting for this bottom TL on my triangle to be tested. I have had much luck with my wll triangles in the past. I mean when I set a bid on that Triangle BTL it has been filled 100% of the time and then WLL kabooms back over...
Looks eerily similar to WLL, just bulls have been trying to send the price up, which I noted on the chart under the RSI comment. I think WTI is heading back to $20 Fam, maybe not in a straight line but I think the WTI price is showing weakness and all the shale Companies are showing signs of that weakness
Brace yourself for impact, looking for double bottom on WLL B4 uptrend continues.
Here's the game plan Fam. If that bottom TL fails then all bets off otherwise if the bottom TL holds I will take a long scalp.
Looks to be forming a mega phone here. Please review my WTI & OAS analysis. Attached to this post
I think bottoms is being put in as we speak. I attached my WTI analysis for review so everyone can see my thoughts. Good Luck
update guys, we need to watch this bottom TL WTI oil looks to be under some pressure.
Update on my #WLL long, my buy triggered at .74c I am looking for something similar to #OAS the top of this range to be tested B4 a pull back then a break into a new higher range
Bids set at .70c for a long to $4, I overlaid WTIC on this chart for a reasonable TP. Looks like sometime mid June we can expect this move as long as WTIC doesn't crash.
Looking to hold my WLL till about 3p, dollar looks strong. Knowing my luck they will crush earnings & I will totally regret that trade, but with $DXY breaking up seems risky.
I took the long with SL around 1.06 incase this gets ugly but looks like it started to break out already. I think $4.00-$5 is in play