In an uptrend now and looks like could break out to upside after a correction and accumulation providing a good opportunity to long again
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I am bullish on several oil stocks, however we have a potential bearish wedge forming here on $WLL.
We also may be making a bottom- you can see price has held above the 50 day moving average since March third.
A good way to trade this long would be to enter on a break of the highs (marked on chart with horizontal line) and set a stop below the possible wedge...
macd crossing get our book to know when to cut small losses and let winners run after you take your money off table
relative strength strong above cloud
cci and percent r upper range see why that is important in our book
we are looking for multi baggers
those are same shit, went up from (1 to 5) to (40~80), dropped from high price (40 ~ 80) to low price (2 ~ 10)
maybe people think there is no space for downtrend anymore.
well, wait for 3 waves up, then time to go, dont think there is no space for more downtrend.
it's ok to buy a bit, but dont have high expect. those are just shit, I think.
Catalyst for oil going much lower... consider Withing , drop of 19%. watch the next couple days. Can't refi their fracking debt, big boys won't buy them, want to wait until their value is low, or buy it off a bankruptcy trustee judge for pennies on the dollar, just like Mr. Potter in "It's a wonderful life". Could only be the beginning of the end. Trustee...