OAS LONG
Higher highs and Higher lows for last 3 months
MACD Bullish, riding May golden cross
Steady increase in volume since March
Ideal Entry: $0.70 as of August 12th
Current on the 0.236 fib retracement since its last spike
Expected Resistance: 0.90, 1.00, 1.60, 2.20,
Why am I interested in OAS?
The oil market is currently at an all time low (ATL). This market has just barely started its recovery since the Covid-19 pandemic. Making it very appealing
I can afford their contracts
Why am I interested in this trade fundamentals?
OAS has had relatively strong financials even while the middle east over saturating the market and through covid-19.
Strong 3 month performance.
MACD Bullish, riding May golden cross
Steady increase in volume since March
Ideal Entry: $0.70 as of August 12th
Current on the 0.236 fib retracement since its last spike
Expected Resistance: 0.90, 1.00, 1.60, 2.20,
Why am I interested in OAS?
The oil market is currently at an all time low (ATL). This market has just barely started its recovery since the Covid-19 pandemic. Making it very appealing
I can afford their contracts
Why am I interested in this trade fundamentals?
OAS has had relatively strong financials even while the middle east over saturating the market and through covid-19.
Strong 3 month performance.
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