OIS trade ideas
OIS: Breakout Confirmed, 35.71% Potential Profit!Description: OIS is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $6 - $6.4
2. Take profit: $8.47
3. Stop Loss: $5.74
4. Risk To Reward: 1 / 4
5. Accuracy Rating: 94%
RSI: Is it any good?RSI is the most popular indicator, according to TradingView. So why does it test like garbage?
I show you backtest results using several RSI strategies:
Crossunder from overbought/crossover from oversold (the default RSI strategy provided by TradingView and suggested by Wilder)
RSI + EMA 200: is RSI profitable with the trend?
RSI + ADX: is RSI profitable in sideways markets?
RSI + Divergences: can RSI with divergences find turning points in the market?
EMA fun fact: we use EMA's today because the previous generations of traders didn't even have calculators. EMA's aren't any better than other moving averages, but they are much easier to calculate by hand.
Questions/comments welcome.
OIS: Ascending Triangle, confirmed (133PC)Ascending Triangle, confirmed (133PC)
Pros:
Descending volume during formation
Volume at break out
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 21, very high
200MA ascending
Cons:
250RSI below 50
Target:
PT = 18.88$
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Education:
stocksfetcher.com
$OIS Gap fill trade setup in Oil States Oil States International, Inc. engages in the provision of specialty products and services to drilling, completion, subsea, production, and infrastructure sectors of the oil and gas industry. It operates through the following segments: Well Site Services, Downhole Technologies and Offshore or Manufactured Products. The Well Site Services segment consists of completion and drilling services such equipment and services that are used to drill for, establish, and maintain the flow of oil and natural gas from a well throughout its life cycle focuses on completion-focused equipment and services as well as land drilling services. The Downhole Technologies segment provides oil and gas perforation systems and downhole tools in support of completion, intervention, wireline and abandonment operations. The Offshore or Manufactured Products segment designs, manufactures, and markets capital equipment utilized on floating production systems, subsea pipeline infrastructure, and offshore drilling rigs and vessels, along with short-cycle and other products. The company was founded in July 1995 and is headquartered in Houston, TX.
Oil States International on verge of breakoutOil States International, Inc. engages in the provision of specialty products and services to drilling, completion, subsea, production, and infrastructure sectors of the oil and gas industry. It operates through the following segments: Offshore or Manufactured Products, Well Site Services, and Corporate. The Offshore or Manufactured Products segment designs, manufactures, and markets capital equipment utilized on floating production systems, subsea pipeline infrastructure, and offshore drilling rigs and vessels, along with short-cycle and other products. The Well Site Services segment consists of completion and drilling services such equipment and services that are used to drill for, establish, and maintain the flow of oil and natural gas from a well throughout its life cycle focuses on completion-focused equipment and services as well as land drilling services. The Corporate segment includes corporate expenses, including those related to corporate governance, stock-based compensation, and other infrastructure support, as well as impacts from corporate-wide decisions. The company was founded in July 1995 and is headquartered in Houston, TX.