looks like one to watch, nice positive divergence
there.
also note the trusty MACD KISS / Stock OS setup that had
occurred, you could have sent long some at 62.13 of the small
doji.
otherwise thx for the idea I'll be watching this next week. The
daily chart has a doji. That said the 60 min divergence is rather
small and really none on the 2 hr. That wedge you show may not be
complete and need a couple waves to complete it - which is fine
Posted by mastermind on 10th of Dec 2022 at 10:35 am
I keep thinking about your comment a while back about $bpener=5
being a good place to buy energy stocks. I keep checking and it has
fallen to 17 from around 80 a month ago. I'm rooting for 5 for a
good buy back opportunity. It's amazing how NINE has held up
relatively well through all of this.
Amcap, I place credence in your depiction. /CL is very close to
a tradable long-term buy on daily charts. There is divergence on
RSI(5) on 240-minute charts. One more push lower to make another
low or an equal low should complete the pattern.
Larry Williams has a low on /CL in December and a move up from
there.
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My USO trade plan https://schrts.co/dsYcDTak
Posted by amcap on 9th of Dec 2022 at 04:53 pm
My USO trade plan https://schrts.co/dsYcDTak
schrts.co
USO | SharpCharts | StockCharts.com
Create advanced interactive price charts for USO, with a wide variety of chart types, technical indicators, overlays, and annotation tools.
looks like one to watch,
Posted by matt on 9th of Dec 2022 at 11:57 pm
looks like one to watch, nice positive divergence there.
also note the trusty MACD KISS / Stock OS setup that had occurred, you could have sent long some at 62.13 of the small doji.
otherwise thx for the idea I'll be watching this next week. The daily chart has a doji. That said the 60 min divergence is rather small and really none on the 2 hr. That wedge you show may not be complete and need a couple waves to complete it - which is fine
https://stockcharts.com/h-sc/ui?s=USO&p=30&yr=0&mn=1&dy=7&id=p59873934886&a=1307772219&listNum=59
stockcharts.com
USO | SharpCharts | StockCharts.com
Create advanced interactive price charts for USO, with a wide variety of chart types, technical indicators, overlays, and annotation tools.
Yes I agree it needs
Posted by amcap on 11th of Dec 2022 at 07:59 am
Yes I agree it needs a move back down to the 62 area as an ideal buy point with a stop below
I keep thinking about your
Posted by mastermind on 10th of Dec 2022 at 10:35 am
I keep thinking about your comment a while back about $bpener=5 being a good place to buy energy stocks. I keep checking and it has fallen to 17 from around 80 a month ago. I'm rooting for 5 for a good buy back opportunity. It's amazing how NINE has held up relatively well through all of this.
The energy complex(oil stocks) has
Posted by amcap on 11th of Dec 2022 at 07:40 am
The energy complex(oil stocks) has held up much better then WTI.
Amcap, I place credence in
Posted by junkie on 9th of Dec 2022 at 06:11 pm
Amcap, I place credence in your depiction. /CL is very close to a tradable long-term buy on daily charts. There is divergence on RSI(5) on 240-minute charts. One more push lower to make another low or an equal low should complete the pattern.
Larry Williams has a low on /CL in December and a move up from there.