If you have been watching oil and the energy sector you've seen quite a decline lately. It could be that the energy sector bottomed 2 days ago. Look at that lower trend line. touched several times and very nice gains after ward. I would be willing to bet the bottom is in for GUSH. I usually like to wait to see the price regain the 10 sma and get above the supporting moving averages. BUT, if your brave. A low risk setup because you can set your stop at the recent low.
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Could be on that trend line Today. Low risk entry?Note
GUSH hit the trend line today and recovered slightly. Wait for the buy signal. Note
So here is the big move in GUSH. I was hoping to get in before the move, but this should be the buy here. Price is above the 8 sma. Wish I bought YesterdayNote
Big volume coming in to GUSH today as well. Oil inventory reports today, not sure what time.Note
New GUSH Analysis available above.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.