ET has a strong trend pattern to break through a yearly gap in coming earnings in a few weeks. I am looking to enter a position at any pullback as long a it holds 7.38, which is the recent weekly low that was put in. The 8 EMA also showed a daily and weekly crossover over the 21 EMA a while back, which is a clear indicator of a trend change. Due to inflation, the oil and energy sector are poised to climb higher in the coming months.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.