All symbols hyperlinked to StockCharts….
© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy
CIE’s little brother … EGY!
keping it simple and real! Thahnks , Bro !
Check out Oil , This is the big story nowadays.
The WTIC West Texas Crude Oil Daily Chart Diamond Continuation Pattern show a diamond pattern after the first leg up in price. Typically, bull flags or pennants will form in this area, the diamond patterns do not occur as often. The diamond signals either a drop off and collapse in price coming, or a second leg launch higher. Typically when diamond patterns occur after long moves up that will be in concert with a pull back, and visa versa, diamonds may signal bottoms after a long move down.
Since the first leg moved 25 ticks, and the second leg begins at 97, thus, 97 + 25 = 122 price target.
Projection would be a move down to 102-103 only to bounce upwards again to target
Damn. I was really hoping “GRVY” was “Groovy.”
That would have been “Awse,” as my kids are wont to say.
_______
Down South, we prefer “Gravy.”