Based on previous oscillations I assume that a support was found and the wave twisted in the uptrend direction for now. Low resolutions are weak on upward momentum but Weekly and daily match on divergence.
Interesting technical situation. On the one hand, there is a good uptrend, which was broken during a sharp decline in oil prices in 2014-2015. Nowever, this was quickly bought out, as a result of which the price quickly returned to the trend. On the other hand, if oil prices go down sharply again, the price can very quickly reach $30 per share. I'm planning to buy...
Anadarko (APC) has shown a clear support at 40.00 and are now looking to bounce back up. With MACD moving into bullish momentum and RSI being oversold, together with the Parabolic SAR being below the price, we have a clear buy
The Norway Goverment Pension Fund is going to liquidate some Oil & Gas positions. Top 10 Holdings include NYSE:XOM NYSE:CVX NYSE:COP NYSE:EOG NYSE:SLB NYSE:OXY NYSE:MRO NYSE:PSX NYSE:VLO and NYSE:APC.
NYSE:APC was the worst performer of 2018
The Fund holds about 2 % of Shares, and want to liquidate. If $40.50 breaks...
The ideas that I usually shared generally have and argument in common, I find a strong Industry and I pick stocks
in this Industry or Sector that are bullish, In this series of ideas, called (Bullish Oil_Futures = Energy Companies)
The Fundamental concept is that Bullish Oil_Futures represent higher earnings in the future for this type of companies,
but Not all...
Consolidating nicely. Could be a good breakout if we get the volume. Adds to the case vaules of being over the moving averages and the 9,20,50 all being so closely tied. Target would be 64, it has seen a lot of action acting as S/R at that area.