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Long
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TOPS - Excellent time to buy

399
Oil futures are looking ripe to take a spill. Broad market is rising tide again. This one is no-brainer for me. Like the double bottom RSI. Ascending MACD. Volume profile says sellers are done.
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Getting in now on the nice little pullback on that bull flag. Knew there were a few sellers hanging on. Probably fearful market is going to fall apart again. They could be right. I'm long SPY though. Market volume looks good to me.
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Holding fast.
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Given the broader market, this stock is holding up well. I closed my position for the time being, but I still like this chart.
SLOPolarBear
Chart PatternsCrude Oil Futures WTI (CL1!)Technical IndicatorsOilshipping

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Chart PatternsCrude Oil Futures WTI (CL1!)Technical IndicatorsOilshipping
SLOPolarBear

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.