Appears to be a descending channel happening on the Monthly TF. Is the reversal happening? I believe so with the resurgence play still intact this thing is a ticking time bomb. Oh and airspace on the MACD this setup appears extremely bullish. I'm a buyer here on leaps and common stock and plan on holding for the next 5-10 years I will retire at 35.
Fundamentals within OIH ETF still look very good coming up on earnings, and the Bullish trend still looks in play. Expecting a bounce very soon and a possible double or triple for OIH long term. Check the history on whenever OIH has been this oversold. Could be biased, but I am bullish. Life of a contrarian #Bullish
