USO - Long on Oil
I went long on this I think Thurs or Friday. Higher highs and higher lows, nice basing pattern with breakout above triangle. My stop is @ $11.14 (about 10% plus is below swing low). Below $12.03, I would view as negative if it drops back into it's consolidation zone.
XOM looking nice today too.
I normally avoid ETFs as a general rule, but this ETF fit the pattern.
XOM looking nice today too.
I normally avoid ETFs as a general rule, but this ETF fit the pattern.
Trade active
Moving stop to 10 day low $12.03Trade active
Stop to $12.49. Below 20 EMA.Trade active
Stop to $12.94Trade closed: stop reached
Trailing stop hit @ 13.26 this morning breaching the 20.
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