>>> There are lots of energy stocks flashing buy signals with regard to a change in trend. <<<
>>> any new comments? re ur message,, 34780 <<<
Sam, all 12 of the stocks in that message are showing profits for the 3 day period from when that message was posted. To get 12 for 12, it shows how strong the trigger indicators were in this case.
In looking at OIH (to measure the oil service sector), I'm continuing to see positive developments.
OIH is approaching a price support level and is doing so as volume is increasing. This is important in my view.
Stockcharts can't show this but, in my software, I apply a 38 day volume pattern with a 22 day moving average. It shows the volume above the moving average line and the line is also above the zero line. This indicates steady buying and is a bullish signal.
I also apply a 22 day moving average to money flows and it too is above the moving average line.
We need to see how the sector responds to resistance in the next couple of days.
stockcharts.com[h,a]dhclyiay[pb50!b200!f][vc60][iut!Lc20!Lg]&pref=G
We've got a bullish looking trend going for the XNG as well. MACD looks great and Stochastic is now over the 80 line. Although this usually signifies an oversold position, with the price action closing strongly today, it looks like it may trend higher.
I can get volume and money flow reading on XNG with my software and can't with Stockcharts. XNG has pushed into bullish territory with money flows as it is now back up over the 22 day moving average. Volume needs a little more work. It is above the zero line but below the 22 day moving average.
XNG too is coming up to resistance, I'm holding my positions to see if we can break through resistance since the indicators are improving.
stockcharts.com[h,a]dhclynay[pb50!b200!f][iut!Lh14,3!La12,26,9]&pref=G
dabum |
