USO Long Next week Tgt $90-95 This grabbed my attention because I had a notification in my calendar for today with the stock FTI possibly scheduled for a move up. It's some oil stock my dowsing chose in November along with the stock TTI, but I'm not doing an idea on that one. I did do FTI.
So to confirm bullish in FTI, I check USO and it's very consistently bullish. I feel really good about this and the opportunity rating is a 9 from 0-10 scale.
I suspect USO could be down Monday morning in which case you want to buy it and we're looking to be long into March 16th or so (ugh I see it's a saturday) so let's say the 15th.
It may get into the 66-67 zone, but big picture, the main idea I believe is to buy it on Monday morning.
I left my old higher targets on the chart for the idea from back in November. It did give a date of March even back then, so that's consistent.
The first target today my pendulum went to was around $93, but I'm doing something new, which is asking for the most capitally efficient profit target, which gives around $90.
Another reason I'm kind of pumped about this is that I totally nailed the last high on USO (even though I don't think I noted it in my idea). So It gives me some confidence lightning can strike twice!