$HUSA bullish pennant formation in weekly$HUSA bullish pennant formation in weekly TF.
However, it's not ready yet for a breakout, the weekly candle closed bearish (Hanging man) and was not able to break the upper trendline.
I think it will first dip to $3.7-4 before the big move, anyway, it needs to breakout with above average volume to confirm that pattern..
HUSA
INDO and all things OIL PUSH BABY PUSH- Commodity push incoming I feel.
- Beaten down due to some big investor unloading 9 mill shares or something along those lines a while ago, which is why it changed from being small cap leader among HUSA, IMPP and CEI for energy push.
Big volume coming in now. Ya love to see it.
- Oil swung lows and all commodities are on some support at the moment. If we get a push higher from the sector I think energy is a solid bet.
- France energy is 70% nuclear and an exporter to EU. Currently in a heatwave where water is too hot to be properly cooled and released back to the river or wherever its coming from. Another supply constraint that could be just around the corner if they have to power down reactors = Yet another bid on energy in an already constrained supply
- Nothing changing with EU/Russia relations means we have the backing for a push moving forward for oil and energy in general and this puppy is correlated to CL like a MF.
- Many more macro tailwinds but not getting into it all. Looks like up only TV
ENSV and Oil, Up Up and Away?I'm still researching, i.e. justifying my bag holding, XOM and NINE have both had good surprises for their earning reports. We'll keep an eye on the rest of the sector as they have earnings reported, but I suspect they are all going to be good surprises for a big win in the next week or two.
ENSV is my SwingI am currently in ENSV for an averaged price of 4.28, small capital because I'm not the best at this stuff. I do believe this stock will run along with the other oil plays. Biden is not going to open America's oil production and these oil stocks are going to go through the roof.
HUSA, NINE, IMPP, etc are still all in play too. I'm guessing ENSV with my piss poor ability will run the greatest %. Join me at your own peril. All these stocks maintain the ripster short term cloud.
HUSAHouston American Energy Corporation (NYSEAMERICAN:HUSA) shares decreased nearly 50% from a couple weeks ago after making a big uptick. Now share prices are ready to make a solid move, since it has started recovering from its rising EMA200 support zone. Additionally, its accumulation remains very high during the consolidation phase which is a very positive sign. So don't ignore it, consider taking advantage of the situation before the crowd. The daily MACD histogram has started to diverge positively and RSI is turning up. HUSA is another small Oil play that needs to be at the top of your watchlist next week.