Entered this one yesterday on the break of the trend line. Targeting the 50% retrace. Normal SL Management.
Broken through the 236 after initial fail. Upper channel may cause a pull back. Plan to play up the FIB ladder once we get an acceptable 4 hour pullback.
1. Two bullish hammers signalling reversal. Lower prices were tested. 2. Stochastic is turning up. 3. Market may trend upwards for a good duration.
Maybe it will break the resistance line this time!? Has good vol, 62% Fib, touched support from a year ago, provided dividends yesterday. I bought in at the bottom of the recent swing low.
with a market cap of 1.52B and a nice up trend from its start, this is a company to look in to for the coming years, tho there's a good possibility of a large bounce to the south yet, this stock has held its place in a uptrend, even in this oil market. this is a good indicator of a strong company for a long term hold unil new high or a break even high. (14$) ish