I am bullish on several oil stocks, however we have a potential bearish wedge forming here on $WLL.
We also may be making a bottom- you can see price has held above the 50 day moving average since March third.
A good way to trade this long would be to enter on a break of the highs (marked on chart with horizontal line) and set a stop below the possible wedge formation. To short simply trade the wedge and set stops above highs.
We also may be making a bottom- you can see price has held above the 50 day moving average since March third.
A good way to trade this long would be to enter on a break of the highs (marked on chart with horizontal line) and set a stop below the possible wedge formation. To short simply trade the wedge and set stops above highs.
Trade active:
Also in $CHK
