I hope most of you have an idea about how would oil price impact the current economy & financial stability around the world. What I mainly concern is that Petroleum company shares could surge in the near future.
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
At least since July we are trading in a range. The more the price is sticking in a support zone since the beginning of August. If it can gain new momentum a good rise is possible.
0386.hk swing long. on watch list since 4/sep. in long position at 7.39 when 5-3-3 stoch in good sync on daily and hourly, when in range 0.618 and 0.786 Fib pull back. Stop loss at 7.24. possible another shake out around 11-12 sep. watch con/divergence with oil future. target time 2-3 weeks holding.
