Hello everyone, oil has been making great rallies lately, but it is time to have a pullback now. If we fall right now and make HS, then we will most likely see it go to 28$ and from then shoot up
Hello everyone, as we can see on the chart, we have been moving inside a channel for a very long time and we are at the resistance. I do think we are going to break the channel and finally get out of the bear-trend because of the following reasons: - The economy is starting again, USA is opening states, China is opening, Europe is also opening it's economy, so all...
OAS dropped really hard this week, because they delayed their earnings with 5 days, so everyone decided to sell. OAS stated, that they needed a little bit more time to finish their ER, so this could be a bad thing, but delaying earnings of companies is normal and right now nobody expects good earnings from any oil company. OAS is known for big movements and a lot...
Hello everyone, we have ABCDE pattern very clear on the chart and what we want to see in order for the pattern to be correct is a strong impulse wave to start from 0.2950 - 0.3000. Oil had somewhat recovered, SP500 and NASDAQ have also risen +2% and we are falling together with the other oil penny stocks, which I think is just the opposite that we should have...
Enlink has made it through the last crisis, it has been around for around 16 years and it doesn't have much history, but right now we are at historical level, that we have bounced back strong from in the past. I would say the price depends a lot on the oil prices, if we see a bottom soon in oil, we could see a big jump in Enlink, but the other scenario is that we...
Hello everyone, first of all, we have been in such a long bear market, since July 2008 147$, we haven't made a new higher high, but we managed to make lower lows, which means that we are currently in a 12 year bear market. We have been moving inside a falling wedge, and even though we could go to the top of the wedge and then make another fall like the one we had...
Hello everyone, first of all what a time to be a trader and investor! USOIL has reached the lowest support levels it has ever reached in history! We have 3 level to look out for the big bottom. The first is 13.60, which we have already hit. The thing is that I think that we have a little bit more space to move to the downside, judging by the RSI. I think the most...
Hello everyone, as we see, oil has been falling from years, 2014 was the last time we saw oil at 100$ and it is absurd to think, that oil will remain at 20$ per barrel. I have made 3 possible scenarios. First of all, nobody knows when the bottom is and at what price. When we hit the bottom, only the big players will know that this is the bottom, so we can only try...
Seeing drop right now could be possible, trade this with tight stoploss.
Hello everyone, as we can see we have huge unemployment numbers in America, because of the virus, so we will most likely see that number increase. This means that we will most likely see another wave down. We have made perfect 4 waves, so now we have the perfect set-up for wave 5 down. We have also just bounced from the bottom of the channel that we have formed,...
Hello everyone, as we can see we have huge unemployment numbers in America, because of the virus, so we will most likely see that number increase. This means that we will most likely see another wave down. We have made perfect 4 waves, so now we have the perfect set-up for wave 5 down. We have also just bounced from the bottom of the channel that we have formed,...
As we can see since 1999 till 2003 we have around 90% drop and since we are experiencing the biggest drop in many years, we could see the same thing happening again. I am looking to buy at around 20-10$ range around March - May 2021. We will see a little rebound now for a few months, but then we will see another big drop.
Hello everyone, as we can see, 2000 - 2003 crash was around 70%, this crash is the biggest one in many many years, so we are expecting a bigger drop to around 30$. Right now we will see some rebound, but untill 2021 March - May, I am bearish.
Hello everyone, as we can see we are heading for the same % drop as in 2007, so expect till March - May 2021 the price to be around 5$ - 2.5$ . We do have support at 10$, but giving the fact how the 2007 crysis turned out for BAC with more than 90% drop, right now we are seeing record big drops, I see -90% from all time high price again. Right now we will see...
Hello everyone, WFC is going to see even lower lows, due to the Covid - 19 and the financial crysis. The levels it will fall to are 15, 10 or 8 $, I think though 10$ makes the most sense. I would say anything bellow 15$ is amazing entry, WFC has great fundamentals, so it will for sure see new highs, just wait for next year around March - May for entry. Good luck...
Hello everyone, right now the Covid - 19 started this drop, but we are going further into a crysis. This is so far the biggest drop ever in history of BA. We are looking around March - May for most likely 40-30$ to get into a big LONG position. This is could be once in a lifetime opportunity, so keep an eye on the price. We are most likely going to see correction...
Hello everyone, we are currently in a financial crysis so given the fact how much the previous crysis were for around 1.5-2 years, around March-May we should expect the price to be at around 100$ and then rise back up. Right now we will most likely see some retracement, but it won't be for long.
Hello everyone, as we saw yesterday we had a giant selloff to about 15% and today we saw expected bounce of 7%. This was just a deadcat bounce, the fundamentalls haven't changed and the virus and the crysis is getting worse in Europe, since many countries are closed from the world, closed workplaces so selling makes a lot of sense. Safest tradeing is to wait for a...