Since breaking above the upper side of the up trending channel in February, Oil has come back many time to test that boundary again and is about to do it again! Will it hold or break? No idea but will be watching what is happening there in the next couple of days or so! Should it hold then oil could push back again to test the highs in the next few weeks or...
After retesting the under side of the long term up channel, price is breaking down again ! Not sure how far down it will go but it has the potential to go a lot lower ! Not the time to buy in my opinion, unless price can move back up above the long term up trend line ! Just food for thoughts :)
Price is in a down trending channel, making lower lows lower highs (bearish trend)! Powerful and sharp rallies should come along the way but my guess is that we will keep going lower ( over the next 12 months) until it, at least touch the long term uptrend channel ! Further down to go I am afraid ! Just my opinion :)
Might probably go down another 10% or so but I am happy to start buying here because of the dividend ! Probably 1/3 or 1/2 position in case it goes down to the bottom of the up trending channel! Just my opinion
Probably another 10% or so to the down side to the support ! Will decide what to do IF and When price goes there ! But probably a great entry for a great company for the long term investor! Just my opinion
Price is back at support level after having falling a lot since its all time high! I am opening a long position on Monday! If price obliges and give me a quick 10% + profit over the next few weeks I will take it ! Markets are very tricky at the moment and I will not stick around to long! If I am wrong, I will be happy to add more at a lower level for a longer term...
Price is coming back to test the lower boundary of the up trending channel ! I will wait for a few trading days to watch the price action ! Should the support hold over the next week, I would probably consider a buy! If it fails I will stand aside and look for other opportunities ! Just my opinion :)
So far the price has held at support (long tern uptrend line)! I will watch over the next few weeks if it can hold or not ! As I believe that the major indexes will keep falling over the next few months, I think price will break lower!! Just watching and not buying yet ! Just my opinion :)
Price dropped sharply yesterday ! Might probably go a bit lower to touch the long term up trend line! I will wait to see IF and What happen at that level ! It might represent a good buy for long term investors (3-5 years horizon) Just my opinion :)
Price is in a down trending channel and will most probably keep going all the way down to the long term up trending line over the next few months! Along the way should come come some fast and powerful rallies but would be consider only bear market rally until we can clearly break above the down channel! Just my opinion :)
Price is in a downtrend channel and just hit the bottom of it! We might see a rebound over the next few days or week but the trend is still down until proven otherwise! Short term traders may consider a buy here but long term investors should still wait in my opinion :) Lower prices are most likely over the next few months ! Just food for thought.