SLB has been in this uptrend for more than a year. At oil price above $51, it is breaking out from recent consolidation around the resistence at 60.
GSF is approaching its resistence at 35 if it can overcome the resistence at 32 first. Based on its charts, we may see another pullback before breaking out at 32.
RIG is already half way to its resistence at 40.
Tag Archives: Pullback
LFC and QQQ
It pulled back again. Judging by the lower volume on the decline, the selling is not panic. Obviously a lot of buying has been done in the past month, but the buyers don’t want to buy higher. This pullback presents a buying opportunity in my view between 24 and 25.
QQQ sits right at 20SMA and in over-sold condition, let’s see if it bounces back next week.
LFC and QQQ
It pulled back again. Judging by the lower volume on the decline, the selling is not panic. Obviously a lot of buying has been done in the past month, but the buyers don’t want to buy higher. This pullback presents a buying opportunity in my view between 24 and 25.
QQQ sits right at 20SMA and in over-sold condition, let’s see if it bounces back next week.
LFC breakout
IFC’s recent breakout is held after a pullback. breaking out 27 resistence will start a new bullish phase.
LFC breakout
IFC’s recent breakout is held after a pullback. breaking out 27 resistence will start a new bullish phase.