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Oilstocks

BORR Oil Field Support Services LONGBORR's story is kind of like that of the 1849 California gold rush where those selling picks, shovels and pans made consistent and good money and sometimes more than the prospectors. Since they service the oil fields of several oil companies, they just grind out their margins of couse still suspectible to any boom or bust cycles of the oil /energy sector in general. On the chart, price can be found sitting on the demand / supply zone having already tested its lower boundary. Pirce is under the fast-moving average which is under the slow-moving average showing the pivot is underway. The volume indicator shows active trading underway and spikes well over the 50 day moving average. Overall, I see BORR as in inexpensive stock to get several to many shares adaptable to scaling the close of position as the price retraces back towards the supply /resistance zone. I plan on the first target as the 50% retracement back to the overhead zone and the second target 75% upward while saving the remainder to test the resistance expecting the energy sector may shift into bullish bias in the meanwhile.
NYSE:BORRLong
by AwesomeAvani
ONGC - ShortOil Stocks rallied in the past few days mainly due to the fall in international crude prices. This will in turn increase the profitability of the Oil Companies. But this scenario won't exist for long. The oil price will rise within a few weeks and the domestic oil price will not increase accordingly due to multiple factors like preventing inflation and the upcoming state election in the next year. So the oil companies' profitability will again take a hit and can expect a crash soon.
NSE:ONGCShort
by Sniper-Traders