GUSH hit new lows and is looking to go up this could go all the way. It past the EMA and now looks to top up to 29 this could be a good next week, every day making gains
Looking at the chart for GUSH. I am looking for a break above the last high (green dotted line). A move higher should signal a continuation of higher highs and higher lows (red lines). I'll buy with a break above. OIL is looking good and other stocks like RIG and VLO seem to be trending higher. Wait for the break of the green line to confirm, and then set your...
Looks like the energy sector is heating up. Oil USOIL is trending higher, and maybe the energy services will follow suit. I like the GUSH chart here, all the moving averages have turned higher on the hourly chart.
Buying the oil services 3x ETF here GUSH. Looks to be coming off a double bottom (purple arrows) and has a bullish TSI crossover. Wish I spotted this earlier.
GUSH, is how Im going to play this move in OIL. OIL looks to be moving higher. I like GUSH as it consolidated at the 50% Fibo, it now looks to be breaking above the 50. RSI is moving from oversold. TSI looks to be crossing over positive. Ill take this as a low risk trade. Target at 124.50 stop just below the 50.
CL1! Light crude oil futures look like they are developing a reverse head and shoulder pattern, which may continue after a correction to the 46 level with the potential to move up to 70 within in weeks. Theory is that GUSH and DRIP will respond to the pattern in CL1! Short term DRIP looks like it could be the play while GUSH moves lower to test support, if support...
Looks overbought, with a short term correction coming up, tomorrow or the next day, long with its inverse DRIP, hedged with GUSH, then looking for a re entry at a lower price.
Looks like the energy sector is starting its next cycle move higher. The gold candles represent the last move starting around January. Energy sector runs in 30-50 day cycles. This could be a good move higher for a while.
We need to check the days till next week to see how the OIL works.
The OIL service works similar to OIL.
I will wait till then to see if we can build a big long position.
