After a week of what seems to be a bullish pull back. Next week, if the prices go above $13, that could be a sign for a long position. Goal profit would be around $15 area. On the other hand, if the prices go below the current support($12.21), we could see the prices go far downwards until $7.44.
PS. I have only been trading for a month and have much to learn....
The Major Pivot Stack that was in place last week has turned into an Almost Super Pivot Stack.
With the expected price breakout now underway, look to get long on a limit order, preferably around 13.53.
If the market opens relatively unchanged you could enter at market on open.
Once in the market, place the stop loss at 9.62 at the bottom of the Stack and a...
the oil did a big down trande move, it looks like he found a temporary support
SL- red lines
TP- green lines
* please note that the overall market is in a critical point ( high risk) so please keep your stop loss in place.
Shout out to StockTwit person, found this bad boy and it's looking real good UWT had a nasty drop but now it's getting those Carbs in and will go up looks to gain about 5 more. 30 will be the next resistance it's looking real good