$GUSH has so much latent potential in a healthy economy and is a top ETF in any energy investor's choices. To call a previous annual high back to reality would bring a rapid gain to all positioned in this ETF which is managed by Paul Brigandi. He basically put a package (assembled) today that *nearly* matched one of the emerging stocks in the oilfield arena:...
The chart is fairly self-explanatory. FIB traces seem useless with the volatility on this table. Two exit points: 1st: 1/3rd position exit 2nd: Full exit Happy trading and whatnot, I reckon. BDR
XOP Minor Wave : sqrt(16^2+16.02^2) 1. Possible End of Down Trend at Previous Thursday Low: sqrt(16^2+16.02^2)*((32.732+.4142+.382)/4) = 190 days (9/25/2020) 2. Possible minor high on next Wednesday: sqrt(16^2+16.02^2)*((33.732+.4142+.382)/4) = 195 days (9/30/2020) 3. The descending wedge pattern is getting tight and it's becoming riskier to short Gush...
this is a trade idea on GUSH the s&p oil and gas index. This week looks like it MAY be bullish but this index seems to gap often and drop quickly. it appears that the down trend in the long term has worn out but the goal is always to get the pieces out of the market and not overhold trades. the entry and exits are shown on the chart. the risk and reward is nice...
GUSH has the potential of falling hard due to it being leveraged. Covid cases are also rising like crazy, yesterday was the day with the highest reported cases, and with the reopening of many states, this could cause another lockdown, which would hurt oil, and cause GUSH to crash. It is also being pushed down by its MA, which would not be hard to break, but it...
GUSH is the bull version of DRIP (the inverse Oil & Gas) ETF. With Oil prices and energy stocks in general taking SUCH a beating this could be worth a look if you think they will go back up at some stage. There might still be some turbulence ahead, but worth a watch. Definitely worth Googling or talking to your broker first as leveraged ETFs can be a bit trickier...
Found the Market has respected the last support zone. On the one hour, I found a hammer candlestick. ON the FIB found the market respected the 50% FIB Using the RSI we can see the share is undersold. Our moving average has crossed showing a possible uptrend forming . AMEX:GUSH
AMEX:GUSH GUSH, provides 3x daily exposure to an equal-weighted index of the largest oil and gas exploration and production companies in the US. These leverage funds are designed to move three times the daily change in the underlying index. The EFT has taken a significant beating and poses significant investment risk. The coronavirus and Saudi “price war” have...
I think people will start buying gas again when they start going back to work. So I think some of these brutally battered oil companies will recover. Diversify with an ETF, it's good practice. I would also check out WTI.
1st Published Idea. Would love feedback on this. This is a chart that has respected the Fib all the way. The price action in the last few days has definitely been bullish but it just ran into a few key resistances, but in the channel and the Fib. It's likely to see one of a couple of responses... 1. It either dips for a bit (D) to consolidate for a big push...
a Lisa retracement is imminent...