Quick 5% gain on DRIP www.tradelikeagenius.comWe normally like to short the ultras but perfect setup for our signal and we took it. Now out 5.51, from 5.26 One day trade. Our signal looks at our Prop moneyflow signalLongby BobKudla3
Triangle and declining volume. On the watchlist to break the triangle. I am leaning towards the contination of downtrend. by L__Chaim2
$DRIP Overbought at Resistance$DRIP Overbought at Resistance - 7.55 level looking like strong resistance and expecting it to hold.Shortby Triple_Barrel_Capital4
Oil & Gas ShortThis morning had a sharp fall in Oil price. I expect Oil's ICL drop to continue here. I missed the short from early February. Bought DRIP 14.7, hard stop 13.7. Looking for Oil to make a lower low below $60, then we'll see.by tangman2
Oil going downThis move should be relatively quick and I'd trade in and out when needed.Longby 7878maxUpdated 3
SHORT of OIL along trend $DRIPOil has been falling for about two months and I found a good opportunity to buy into the trend on a slight reversal on the 13thShortby Grechasneak4
DRIP Head and ShouldersPossible head and shoulders Broke out at the bottom, but came back into the trend line. Longby pegging444
DRIP BEAR***This analysis is HEAVILY dependent on future macroeconomics and geopolitics and public statements, it could prove to be ENTIRELY wrong an hour from now based on what oil minister or nation X or Y says or does in an interview/meeting, etc.*** That being said, the technicals indicate to me that DRIP is going lower. First, we have the head and shoulders (shown by the vertical red lines, the right shoulder is marked by a symmetrical triangle). This formation is incomplete, as we expect to see a very slight rebound in many of these cases - but volume MACD and RSI all support it. Second, we can note the triangle coming off the right shoulder. While the majority (66-75%) of these will indicate continuation of a trend (in this case the trend was upward prior to the triangle) the remainder indicate reversals. We have clearly breached the triangle downward, which further supports the notion that DRIP will decline. Volume declines during the triangle and then spikes (massively) as the price breaches it. The breach occurs approximately where we would expect it to - 50-75% through. That breach also declines through the support levels established at approx. 83 (highest pink horizontal line). From this point on, the next strongest level of intermediate support is likely to be at about 46.86, where the fund traded from October through December. Again, there may be a short term rebound before the head and shoulders is confirmed.Shortby tapkcir0