Markets move in contraction/expansion. Small swings can be thought of as a form of contraction and the bigger swing is a form of expansion. An Expanded Swing is simply a reaction leg that is bigger than the previous reaction leg or legs. Its minor swings growing up to be major swings.
This represents a change in behavior that often causes confusion among the...
NYSE:OII is about to breakout of the H&S pattern. Anticipated price action and targets are shown on the chart, stop loss daily close below 11.65$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
NYSE:OII
Possible Scenario: LONG
Evidence: Price Action, Moved Above Upper Keltner Channel, P&F Ascending Triple Top Breakout
TP1 ~13$,
This is my idea and could be wrong 100%
Bullish Pennant, awaiting confirmation (39PC)
Pros:
Volume during post formation
Descending volume during triangle formation
Volume at break out
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 6
200MA ascending
250RSI above 50
Target:
PT = 17.69$
Help how ever you can to keep this alive.
Thank you to those...
This stock is an overall downtrend but could move to $11.80
Entry $10.20
Stop Loss $9.0
First Target: $11.80
Second Target $13.47 (TZ1)
Risk Reward: 1:1.5
9ema is crossing the 20 ema and the MACD is just about to cross. The current price is at the POC (DEC.31) and it tested the 50% fib level yesterday. I think this is a long swing on the break of the the 50% fibonacci level (10.16) targeting $11.26 then 12.07
As you can see we have strong support represented by green with a potential to break through the resistance and see prices surge $13+.
Let me know what you guys think in the comments below!
Have a great day traders!
OII: Oceaneering International, Inc.
2019-06-18 17:30:00
Oceaneering Awarded Contract to Supply Umbilicals and Distribution Hardware for Mozambique LNG Project
a company leveraged on top of an unclear commodity... is a huge liability...
slow profit
dead margins
hard to explain existence for Oil at this price.
the froth is cool.
