gumbtg

Oil Services continue to be weak - Bearish pattern on weekly

Short
AMEX:OIH   VanEck Oil Services ETF
22/Sep/2022 06:59 AM AUTHOR: Brandon Gum
--
Possible for an easy move to $204 and then $175

Only thing I am uncertain about is that price is currently at long term value. However, it did reject 2002 lows and is already down 30%.

As long as price is below value at $225 I think there is risk to the downside

-If you find this idea interesting please leave a like
-Follow for more
-Comments are always welcomed and appreciated
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.