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Oil Search bouncing back off trend
OSH, like most stocks last week on the ASX took a beating in price. It has since bounced and formed a short term head and shoulders pattern. However, in order for the price action to be strongly bullish again, it will need to close above the trendline. Crude Oil price is strong and bullish, and OSH and WPL both need to get back into the trend to become bullish again also on the back of Oil prices. At the moment, im bullish short to medium term for OSH to get to $5.
Stop loss at $3.95 if you are going to take this trade. (Tight stops due to Oil prices increasing)
Stop loss at $3.95 if you are going to take this trade. (Tight stops due to Oil prices increasing)
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.