RE: Good Day TomorrowThanks Mason....
Some mentioned the stink bid... That has worked with a number of Oils.. FCP, OIL etc... good to watch the history and if they have the earning potential, extra on a stink bid sure cut's the average cost. One seldom get's the bottom or top so I am waiting on the 2.70 and 3.05 area and will trade 1/2 on hugh overbought areas and buy back as long as the short uptrend stays in place.
Keep in mind MACD on this is equal to Oct 6 and now just crossing and turning to the upside and out of the below 0 range. This one could be just starting a major move according to that.
Presently low volume on a sidemove.. noon hour approaching, and yesterday uptrend being challanged.. My caution flag is out knowing 3.80 is a possibility before continuing any upmove. ..
GP