OIH trade ideas

KLang

The PRZ on this is tight, so I would think target would hit. Perhaps a pull back before the final push

SR618

41.25. Market looks horrible. Maybe can get at least a small bounce.

KLang

Notes on chart. Wait for 8 day to short.

KLang

Looking for short entry here on H/S. 100 could offer some support in short term.

KLang

Ascending & Inverted Scallop w/o the 50% re-trace. Looks nice nonetheless. 8 x 21 today. MACD x yesterday. Stoch looks overbought, I'd like to wait for the 8 day to catch up

timwest Wizard

OIH 36.98 last: 41 target, 34.50 stop. ============================= With a reversal in the price of crude oil there is finally an identifiable bottom in the price of oil service stocks. Look for an advance of 10% in the next 6 weeks. 2% declines can be a place to enter positions during the advance. Note the regression channel trend down has been violated. ...