These are my thoughts on OPTI . They are meant to give you an idea, not trading advice. Very interesting chart to keep on your radar. If this triangular pattern breaks to the upside, there could be some fast gains. Let's ride this lightning. Please be careful, as the market never gives you certainties, only probabilities! (ALWAYS REMEMBER THIS WHEN YOU TRADE)
Hate to say it but lines up nicely. Would be incredible if this plays out haha ;)
I am looking at a 2 to 3 year typical oil cycle, and the stocks have be beaten up enough now. I like Suncor and Crescent Point Energy in Canada, but US plays also beginning to look oversold as well.