The price of GUSH is finally moving sideways instead of down. The price is being supported by the lower long term trend line. Very high selling volume, maybe reaching an end. I still don't have a buy signal for GUSH yet but its close. What interests me is the BUY signal I got in USOIL. If OIL moves higher, and it appears as if it is, can GUSH not be far behind?
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USOIL looks bullish to me, so GUSH should follow.
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Still I am not seeing a BUY signal on GUSH. Conversely OIL is moving higher, along w NATGAS. If the markets sell down, then GUSH may sell with it. Maybe the best opportunity will be OILU or BOIL.
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Bought GUSH Today. The 8 is finally crossing the 13. Looks good
@ANA99, Yes, I agree, go long on drip instead of shorting GUSH. Same thing less fees
Gasmachine
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B,
Always enjoy your analysis. i think oil is bottoming as well. Virus events will play out and after 3 months or less we may look back and hopefully see a good profit from this trade. Keep us posted as a good entry point. i picked up some mpc, vlo, xle, but will have to check out GUSH. Thanks again.