Hello dear trader or investor today we share usoil Chart according to this chart usoil make good fall so what’s you think about it
NASDAQ:USOI Level 1 (of 3) Hit. M Formation confirmed. We are headed down this week unless price breaks $5.31.
NASDAQ:USOI USOI Looks to be ready to form an M formation signifying a top. If it breaks $5.42 expect more Bullishness. However, if price doesn't break, expect a period of downward price action.
USOI seems to provide good downside protection to exposure to USO, while participating in much of the upside gains in oil prices alongside USO. Includes chandelier exit indicator in the chart.
Lot of catalysts in the market driving a temporary reversal in renewable energy markets, perhaps in the direction of safer undervalued markets. This trade has a narrative behind it, and potential technical price points to aim for in the next 2-4 years that could shape up to be a fantastic comeback for conventional value investors. I've done some DD but could use...