Oasis Petroleum was one of the hardest hit producers following the collapse of oil. As oil begins to recover and OPEC+ agree on productions cuts, we will see OAS begin to climb back.
As the RSI chart indicates, the price has oscillated in a tight range. However, the RSI has begun to diverge and move upward indicating a bullish bias. The stock as at all times lows. Oil is not going away any time soon. Safe to accumulate long positions here in my opinion.
Best of luck trading!
As the RSI chart indicates, the price has oscillated in a tight range. However, the RSI has begun to diverge and move upward indicating a bullish bias. The stock as at all times lows. Oil is not going away any time soon. Safe to accumulate long positions here in my opinion.
Best of luck trading!