momo rotating back the the oil sector
Aktualisiert
All in with stops at $41... oil is going much higher soon.
strong bullish movement here with constant rejection at $41
It looks unlikely that we might see an September/October market crash if oil starts its next big leg up here, which is historically volatile.
Any confirmation of uptrend may easily bring SDRL beyond $5~7. This is a pretty nice proxy to play on the uptrend, given the close proximity to SDRL's previous low for a safer & leveraged long position.
strong bullish movement here with constant rejection at $41
It looks unlikely that we might see an September/October market crash if oil starts its next big leg up here, which is historically volatile.
Any confirmation of uptrend may easily bring SDRL beyond $5~7. This is a pretty nice proxy to play on the uptrend, given the close proximity to SDRL's previous low for a safer & leveraged long position.
Anmerkung
SDRL update. Seating perfectly above the bear trendline.$5~8 target over the next few weeks to months...
Anmerkung
Breaking up. Daily bullish engulfing pattern
Anmerkung
SPY daily. Beware of incoming risks from US market.
Anmerkung
Breakout.
Anmerkung
Still holding SDRL :)
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