Just a quick short to target area 1. Oil looks exhausted and ready to take a breather. I think It might only be a quick rest then back to the upward momentum.
Not a lot to write about on this one. It's purely a trade taken on technicals. I suspect price will meet up with the daily 50EMA, and that will be where I get out. Happy trading!
After Giving back some of the most recent bull run, we finally got a pullback. With the FED buying everything in sight and the money velocity from the initial trillions of stimulus starting to be felt I think the markets are going to be forced higher into the stratosphere. We don't have to agree with whats going on we just need to be first, smarter or Cheat. lol...
TSX:BLDP So basically this weekly chart is just an ideal long setup for me. All support and resistance is drawn form past price action. The %50 fib retracement also lines up nicely with my plotted lines. $12.00 is also an area I would take a long at depending on intraday price action.
