timwest

OIH - bottom of upward channel - buy candidate

Alış
AMEX:OIH   VanEck Oil Services ETF
0
Oversold at the bottom end of a channel that I drew free-style which includes a couple of pops above the top end of the range....

Not a well thought out trade here - just oversold at a potential level for a bounce based on past declines. This isn't normally how I trade, but I know some of you do trade this way, so here is a chart for you.

How's that for directness?

Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.