Oasis Midstream pivot confirmed! OMPHigh, high confidence on further downward moves on this one. Not often we get an immediate confirm of pivot that we can show off on TradingView, but today is our (and your) lucky day.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
OMP
#OMP another long setup for this weekAlso #OMP has developed a nice setup.
A new high was formed under high volume well above the cloud. The buyers predominate in this market.
Also in the weekly chart, OMP is clearly above the cloud.
The opening will be exciting!
Good Trades!
OMP Analysis (OASIS MIDSTREAM PARTNERS LP)After NASDAQ:OMP made almost 80% today , this analysis might prove helpful for people thinking about joining the bulls .I think although this stock is showing very considerable bullish strength , one has to wait now for a confirmation before buying .There are a lot of stocks that skyrocket for a short while and then price stops rising afterwards , so waiting for a solid confirmation is always appreciated to guide the decision making .
The first signs that would indicate that this stock would continue to go up is a clear break and close above the black line (the trend line) , but it's not untill we close with bullish strength above the green line (10$ area) that it would be very likely to continue to around the 13.85$ (the first blue line/first target) .It would be interesting at that point to watch how the market would act around that level because , if price succeeds to close clearly above the line at 13.85$ , price would very likely to continue up towards the 18.5$-19.5$ area at the blue box wich would serve as the second target .At that point it still would have the potential to continue up towards the 24$ depending , again, on how price would act aroung the blue box area .
