If the low is indeed in, one could create a case for a bullish outlook on oil, $OIH. I personally have a bullish outlook on the Energy and Oil sector. This ETF is no different. Will update as time progress.
OIH has been on a downtrend since the monthly short signal at $897.65 on 3rd Nov 2014. It broke its 2001 lows at $278.73 and formed a new low at $66 020320.
The monthly charts show a breakout of the downtrend in the month of October with a long signal issue on 011021 at $223.25. The weekly charts has maintained above the ichimoku cloud SSSA line despite the...
A lot of analyst have been publishing bullish outlooks for AMEX:XLE . But we have AMEX:OIH in our portfolio for long term position and now is also making several bullish signs. Bullish divergence with the MACD, above average buying volume and price action making a head & shoulders pattern (reversal pattern).
This trade would be a short term trade. The buy...
Appears to be a descending channel happening on the Monthly TF. Is the reversal happening? I believe so with the resurgence play still intact this thing is a ticking time bomb. Oh and airspace on the MACD this setup appears extremely bullish. I'm a buyer here on leaps and common stock and plan on holding for the next 5-10 years I will retire at 35.
Fundamentals within OIH ETF still look very good coming up on earnings, and the Bullish trend still looks in play. Expecting a bounce very soon and a possible double or triple for OIH long term. Check the history on whenever OIH has been this oversold. Could be biased, but I am bullish. Life of a contrarian #Bullish
After almost 7 years of bearish price action, oil services will be essential in the transition to electric vehicles and clean energy. Most automakers are shooting for 2025 to have an entire EV fleet or mostly EV fleet. That's a 4-7 year runway for a bull run; assuming that it will take time to transition and for all automakers to be on the same page. Freight and...
OIH is the oil services ETF. Oil plays have been breaking out in a big way as the sector takes over a leadership role. But these stocks are still way below their 52 week highs, unlike most of the market. As oil ramps higher, we will have to start investing in oil production or risk a scary squeeze in oil. OIH holdings are the beneficiaries of this worry.
Hi guys,
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For this Iron condor with 5$ spread for each side there is a max profit of 100$ and a max loss 400$: if you are new in Iron condor you should find this R/R ratio very poor compared with forex, but we have very high odds at our side! 93% to get the maxim profit, plus 5$...
