Post by
stealthct on Feb 23, 2024 2:35pm
OILS - Weekly Chart
Anyone that is interested.
On the weekly timeframe, OILS has entereda Supply Block $0.165 - $0.21.
It's bullish to see the the price breakthrough the Red Cloud which flilpped red March 2020.
Cloud is now bullish since Feb 4, 2024. Price can always come down to retest and remain bullish.
The next major supply area is $0.295 - $0.34
Could see a short-term correction as RSI is getting overbought and Oscillator is showing overbought also.
Remember, this is only Weekly Timeframe which is the higher timeframe. Lowertime frame has too much noise.
Comment by
stealthct on Feb 23, 2024 2:35pm
https://www.tradingview.com/x/gfInupHd/
Comment by
Gotime2 on Feb 23, 2024 3:46pm
I bet you wish you owned some Nextleaf shares