Everything pointing up on the daily. Let's go!
Coming back down to test some uptrend channels
Might see a bounce @ 6500 or 6150
~302.50 support. RSI turning around.
In after this 11.10ish gap fill. Should at least fill gap above before deciding what to do. SL @ 11.
This pitchfork channel pattern is doing well for my trades..
Break 62 next and we're back in major bullish oil territory, like the good old days.
SL set at 11.60. Waiting for second attempt at 12+. If not, big gap to fill below.
Bounce off bottom of channel and MACD curling up
Hopefully found support at yellow trend line. Positive movement from here, if so. All other indicators showing very oversold conditions.
Channel movement until ER probably. Hopefully it's positive.
Might find support in the 2.76 range, but I see more potential downside...
I've seen this pattern many times.. It'll probably bounce hard from here with ER coming up.
On January 5, we saw BABA breakthrough 40 DMA with conviction Has continued to test this followed by a hard bounce We may see October 3 gap fill in the 174s area Many catalysts coming up through November (Investor's conf, singles day, ER) Would suggest late November options calls
Bull flag formation. Ultimately, 13.48 has to break.
If this channel continues, we'll see retrace to 3700 and then higher highs to follow.