CosmicDust

OIH daily - pullback likely - 10/10/2015

AMEX:OIH   VanEck Oil Services ETF
oih
Very powerful rally last week. Is the bottom in? We do not know. Since the upper red resistance is hit, a pullback (shallow or deep) is very likely.

If the pullback is shallow (bounce up from the blue support lines), followed by a breakout, the bottom is probably in place. If the pullback is deeper, like goes below all the blue lines, it then is still trapped.
Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.