Monthly view......OIH broke out a few of months ago. spent the next two months backtesting the last month resumed the uptrend. the 618 retrace on this pattern is over 700 dollars. Possible 3x. Tom Lee of fundstrat is calling for 700 plus as well. Might take some months to get there but could be a good one if oil stays at this level or higher.
OIH - LONG SETUP
backtestbreakoutChart PatternsFibonacci RetracementTechnical IndicatorsOIHTrend Analysis

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