I am loving this chart here guys, I did a fractal from 9/2017 support up to resistance on June 2018. This channel has been established since 2016 and if my chart is correct WLL
should make a run to re-enter the channel. Even if WLL fails to get back into the channel the upside is massive and there is almost 0 risk. If the oil market does in fact turn down towards...
Zoomed in on WLL we can see that downside risk is very limited and upside potential is epic.
The 200 EMA 4 hour is at $4.34
200 EMA D1 is at $8.55
Price gaps from $28-$26
Price Gap from $26-$24
Price Gap from $14.67-$13.56
52 week high $31
Oil storage facilities will at full capacity by June if OPEC doesn't make supply cuts.
Descending Triangle top line being...
R/R long term is looking so fav to bulls I had to enter.. Looking to hold for years this company has been around for the best of time and worst, no it is time for oil markets to stabilize and WLL to return to a rational price. I can see $90 by 2023 Imo great buy.
Every day I pick 2-5 stocks - the most undervalued stocks in AMEX, NYSE & NASDAQ with lowest RSI and other technical analysis (200-day moving average action and volume change), to trade for the next day. Below are my picks for Monday.
Charts for WLL is looking great for a 1-day long play (for Monday)
More Details in below link
Took a quick glance at Whiting Petroleum Q1' 2019 to see if there was a special reason they have been extra decimated in the past year, including losing half their stock value in just about 2-months.
Whiting in a Williston basin focused producer who primarily does business in North Dakota.
Q1 results showed that Whiting, a Bakken shale producer, saw a 3% drop...
Just bought some 2019 puts, expecting this goes back to $40 or even $30 (red pivot).
However, in a very long-term aspect, in several years, I think this will get out of the bottom and thrive. Well, my put at least will remind me to check on it.