regarding USO I bought a starter today myself. We'll see,
it's not like it's much risk at this point, I can stop out quickly
or add more if it sets up better
that's a good point on XOM. Now on XOM it did break
symmetry on the move up, so odds favor a higher low on this
pullback - you have to monitor for a trigger of some sort trigger.
Here's a daily and 60 min
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Any thoughts on starting to
Posted by trebor70 on 16th of Apr 2020 at 10:20 am
Any thoughts on starting to build a long term position on USO or OIL
Looks like it will form
Posted by mrjasongill on 16th of Apr 2020 at 10:30 am
Looks like it will form a higher low to me on the daily to me. Divergence on the RSI on 5 minute time frame, but it's got a trend line to break.
https://www.tradingview.com/x/Xef5UYTj/
FYI, USO broke above it's
Posted by mrjasongill on 16th of Apr 2020 at 03:48 pm
FYI, USO broke above it's downtrend line and backtested it already on the 5 minute timeframe. https://www.tradingview.com/x/38jIWYWo/
Daily chart looks like today might be the higher low with a doji..... https://www.tradingview.com/x/CAq2sDgT/
Nice alert thanks very timely.
Posted by xxkumarxx on 16th of Apr 2020 at 03:59 pm
Nice alert thanks very timely.
regarding USO I bought a
Posted by matt on 16th of Apr 2020 at 04:13 pm
regarding USO I bought a starter today myself. We'll see, it's not like it's much risk at this point, I can stop out quickly or add more if it sets up better
Assuming they're correlated, wouldn't it
Posted by mrjasongill on 16th of Apr 2020 at 04:20 pm
Assuming they're correlated, wouldn't it be better to go long on Exon if you're wanting to swing it longer? almost 9% dividned...
that's a good point on
Posted by matt on 16th of Apr 2020 at 04:30 pm
that's a good point on XOM. Now on XOM it did break symmetry on the move up, so odds favor a higher low on this pullback - you have to monitor for a trigger of some sort trigger. Here's a daily and 60 min