Oil will print new highs.
Reasoning is technical and fundamental.
The cost of USOIL will rise in dollar cost despite improved technologies reducing cost per barrel to bring to market in specific areas, specifically due to the ongoing devaluation of USD.
Additionally with the changing world we are moving into, with regular people being lambasted by ultra rich on...
This will rehit 1500 and 1800 imo.
this is a meme stock with multiple additional supporting factors for price increase.
Fan base that loves em, media that praises often.
Trade against the trend at ones own peril.
RIP shorts
wccftech .com/one-of-the-most-prolific-tesla-nasdaq-tsla-bears-believes-that-the-stock-is-headed-to-30-per-share/
After the first impulse move up from October 2020 to Feb 2021 price action has respected, held, and climbed off from the .618 fib retrace.
Accumulation resulting in price rise
Moving setting up bullish confirmation
Technically and fundamentally this looks great
Invalidation on 4hr close below 19.75 for riskier stop or 22.83 for less risk.
