I think ICD will do very well in this sort of a macro economic environment, with the commodity supercycle and the US's renewed focus on energy independence. That's probably why that short squeeze happened. So now that the squeeze has been squozed, the question is when to buy back in. I think $4 looks like the convergence point of a number of trendlines. A small...
A nice impulse in not even near completion here. We are looking to project a Wave 5 here in the third degree, so that potentially leaves quite a bit more profit taking in the future. Although overall view is a bullish one here, the most immediate Wave 4 is not yet complete, thus a likely further downturn can be expected before more breaking to higher highs.
We...
Hello Community,
First of all I know that trading energy stocks now is risky and its sector that got hit by current crises hard . But if you look in to people going back to work etc.. These stocks and I'm talking about a lot of them are on the bottom. Many of them filing for chapter 11 as well .
Its definitely tricky play but testing this on some data ...
Hi there. Price is forming a reversal pattern to change its direction. Also is close to 0 value which is a very good sign.
Wait for the price to complete the continuation pattern that is forming on lower time frame and watch strong price action for buy.
Contextual immersion trading strategy idea.
Independence Contract Drilling provides land-based contract drilling services for oil and natural gas producers in the United States.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from...
