Could hit 50 cents by earning call.
We created this support line last march and april. I believe we will bounce up soon to $25.
The Stoch crossed the 20 line yesterday and it still looks good.
With the oil market moving so much today. I would think this would be a good opportunity for some short gains. I expect a correction tomorrow.
The Blue line on the stoch just crossed the 20% heading up, indicating a buy signal for me. Also we just had a wide swing in the DWTI today so I would expect a correction tomorrow.
I think this because the oil fundamentals are suggesting an over abundance of oil and the recent increase doesn't appear to have any real substance. The STOCH is in process of turning. We've also seen a stair stepping trend downward.
I think USO will go down.
The Stoch is indicating a buy seen a multiple times in the last few months.
I think it is almost time to buy this stock.