ascending
channeltrend
chartpattern
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oil
short
supplyanddemand
supportandresistance
trendanalysis
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uptrend
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My Reason behind US OIL SHORT. Break down to the 1-hour time frame for further details
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This has been Ascending UP Trend for a few months. Just had a massive sell-off that now offers an increased chance for huge gains. Provided that the next earnings report is positive.
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Slow moving low volume. But this specific stock has a steady trend of the upward climb. It also shows repeating gap pre-market. With it being 70% up gaps to 30% down gaps. The 7:1 chance of it being an up gap each day. Today was the day it dropped pre-market and after opening bell. that means a 70% chance for an up gap next week.
1
Solid Up Trend Over 30 Days. Reached next resistance level. If break Past possible gains of 5-6%.
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