This is it! Inflection time!
We have a change in character of the OIH chart. Today saw a nice gap at the open. Price closed above the upper momentum band. We saw above average volume. And for those who subscribe to Stockcharts, you will be able to see the 4 Stochastic studies in the accompanying chart. All stochastics from short to intermediate to longer term are all rising above the 20 line from oversold.
stockcharts.com[h,a]daclyiay[d20041231,20050331][pd10,1][vc60][iut!Lp5,3,3!Lp8,5,5!Lp7,10!Lp17,3,3]&pref=G
Tomorrow determines your trend.
If the OIH can set a higher high tomorrow, your odds are very good of additional upside. Once long, stops should be set a few cents below today's low of the day.
Looks good here. let's make sure there aren't any news related events in the morning.
dabum |
