The OIH is currently working on green wave 2, which should extend to our same-colored Target Zone (between $335.63 and $353.32). Within this range, the price should complete a reversal and then gradually trend downwards. This Zone can therefore be used to open any short trades. Stops could be placed 1% above the zone. The end of the orange wave III should only be...
I am bullish for the rest of the summer on OIH. Energy prices and demand always rise in the summer. The technicals all look bullish, we've been riding a steady uptrend for about a year now and we are the point of breaking out of the lower value area and moving back up to over 400. Currently price sits at the 618 coefficient on the most recent swing hi-lo...
OIH is on its way toward our green Target Zone (between $$321.09 and $339.97), nearing the last local high from the end of January. We expect the ETF to arrive in said Target Zone during the orange wave ii before the orange five-wave downward structure should continue, ultimately concluding below the support at $277.30 (but still above $250.69). Still, there is a...
The chart posted in the OIH tracking etf We should be seeing the last of the selloff today and see a rally back to 333 within 2 to 4.5 weeks and then see a drop and pullback from .786 to a minor new low from this point I would be looking for a 95 PLUs pt up move to above ALL the tops and then A panic of DEFLATION back to a .618 from the 2020 panic low I am...
The chart is that of OIH etf we have now dropped into the 17 week turn and have reached .618 pullback .I would now look to be look calls and a target min 333 with the odds of a print at or above 375
Since the low of wave ii in orange, OIH has already managed some strong upwards moves, but so far, it could not successfully conquer the resistance at $276.85. However, we expect the ETF to climb above this mark soon to develop wave iii in orange. Afterward, the short counter movement of wave iv in orange should interrupt the ascent, before the following upwards...
Impulsively, OIH has bounced off the resistance at $276.85, which now marks the top of wave iv in magenta. Next, the ETF should continue the downward trend below the support at $250.69 to complete the magenta-colored three-part movement and thus expand wave 3 in turquoise. However, a 35% chance remains that OIH could take a northbound detour, climbing above the...
#energy #oil trade firming up again. You can play it through ETF with #OIH setting up. I picked up $OKE on Friday. They don't get any tighter or low risk than this.
I have run my quant screeners and I have came across this beauty, I've made much more deep analysis and I think OIH is setup for a 20% move higher. Cheers
OIH D1 – couldn’t hold above SR, reversed on volume.. Unfortunately anything oil related is always risky to short, and options strikes are not liquid enough on OIH
Monthly bull flag, just breaking above monthly 50 EMA which acted as resistence since 2014. We will confirm a continuation of the monthly uptrend if we close above $317. When this breaks, we will enter an air pocket in the volume profile between $300 until $475. The price will move back to 2018 levels very quickly. I'm trading this via ONG (2x Bull Oil Services ETN).
OIH similar to XLE looking to breakout, almost after 5 years of downtrends?
22/Sep/2022 06:59 AM AUTHOR: Brandon Gum -- Possible for an easy move to $204 and then $175 Only thing I am uncertain about is that price is currently at long term value. However, it did reject 2002 lows and is already down 30%. As long as price is below value at $225 I think there is risk to the downside
Daily Report Is OIH getting ready for a next leg breakout? It has been contracting for the past month. The RSI is showing a early sign of a breakout. The immediate resistance will be the 307 resistance. A full measured move will take it to 336 level.
11 month accumulation with a large range expansion away from the mode. My strategy to trade this was jan 2023 $285 calls for the lower premium. ATM calls are also a good strategy at a significantly higher premium so it depends on your portfolio size and the position size you're aiming for. For options I choose to never exceed 5% portfolio size per trade and I set...