Long
Cup and Handle Breakout
Next target $6
Lots of ways to draw the cup and handle (double cup and handle?) $2.50 -> $5, pull back to 3.50ish, then $3.50 to $5.00, pullback to $4.25 (50% retracement)
MACD on daily and weekly holding positive and accelerating
Stock blew threw descending trend line ($4.77) today (11/17) with strong volume and is showing strong follow through with little to no selling pressure
Improving oil and gas drilling fundamentals
Solid Q3
I was bullish on my previous post too early
Lots of ways to draw the cup and handle (double cup and handle?) $2.50 -> $5, pull back to 3.50ish, then $3.50 to $5.00, pullback to $4.25 (50% retracement)
MACD on daily and weekly holding positive and accelerating
Stock blew threw descending trend line ($4.77) today (11/17) with strong volume and is showing strong follow through with little to no selling pressure
Improving oil and gas drilling fundamentals
Solid Q3
I was bullish on my previous post too early
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