In accordance with my view of the resurgence of the energy sector worldwide and believing that the XLE has finally put in its long-term bottom in 2020, I believe energy stocks will provide good returns in the coming months and years
Also with the world being able to come back to normal after COVID, travel, mobility and oil consumption will return to pre-pandemic levels thus providing tailwind for the space
ENI, the bigger oil producer in Italy, is looking very attractive:
-Accumulating for almost a year now
-Did the spring/fakeout of the bottom
-Now working on its handle
Above €9.20 it starts to pick up momentum
Don't fade the move
Also with the world being able to come back to normal after COVID, travel, mobility and oil consumption will return to pre-pandemic levels thus providing tailwind for the space
ENI, the bigger oil producer in Italy, is looking very attractive:
-Accumulating for almost a year now
-Did the spring/fakeout of the bottom
-Now working on its handle
Above €9.20 it starts to pick up momentum
Don't fade the move