The market has not been nice to anyone lately but a key doji candle formed on the daily for OEG .
We are trading above the 52 ma, price has filled previous gap and also held up well despite tremendous selling pressure with this weeks market volatility / sell off. Most selling was due to algorithm selling. OEG is prime for a run up. If not this week, definitely...
Risky play but the setup is beautiful! This is my take as of market close today.
If there is a hard move down below my stop loss, I will not enter this trade . This one is risky because it can break either way because it's been consolidating for a very long time... from a technical standpoint, it seems like it will break upwards but we need to see how it plays...
This idea is based solely off technicals.
Multiple S/R touches, decent volume, macd looks good on 4h chart
This could be a good play, I will keep my eye on it tomorrow at the open, if it dips below $8.49 ish I will take a position. If there is a hard dump below my stop loss point, I will not be entering, I will just watch it play out to see what happens next but...
Multiple bounces, volume looks good, might be setting up for a run in the next few days or so.
Market has been very feisty to say the least, so I'd definitely recommend the stop loss to be safe.
Please do your own DD. This is just my view on the stock. Not financial advice. Thanks!
The market has been taking a dump the past few days so this play is very risky but here is my take based solely on TA.
Tight stop loss is key in this play if the market doesn't shape up.
*This is not financial advice. Investing involves risk. Please do your own due diligence before investing.