If it exits the triangle next monday, it will be quite good position for playing long here.
please show support by liking this. I am not a financial advisor and i do not advise taking any of my trades that i post, because of the risk. The analysis is purely for entertainment and idea what could happen with this stock. if you have any questions feel free to ask. +BlackStock
Oasis Petroleum was one of the hardest hit producers following the collapse of oil. As oil begins to recover and OPEC+ agree on productions cuts, we will see OAS begin to climb back. As the RSI chart indicates, the price has oscillated in a tight range. However, the RSI has begun to diverge and move upward indicating a bullish bias. The stock as at all times...
make me rich pls...
Priceline of OASIS PETROLEUM INC Stocks is moving withing a down channel and after 13 May it is hitting at support. The RSI went in oversold zone. Stochastic has given bull cross. Volume profile is showing weak interest of traders here. I have defined sell targets using Fibonacci sequence as below: Sell between: 3.40 to 4.40 Regards, Atif Akbar (moon333)
Oasis Petroleum Inc. is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its segments include Exploration and Production, Well Services, and Midstream Services. The exploration and production...
I think the Inv H&S played out, forming the C&H, looking to add Common at either $13.85 if it holds, or $12 ish.
Cup and Handle setting up nicely... on side line until I get confirmation!
We opened this position about 30 days ago and played the time premium after the huge up move in oil prices. Our initial risk was $200 for a total collection of $50.