Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RGinPG who wrote (10476)	2/3/1998 9:28:00 PM
From: Ms. X	Read Replies (1) of 95453

Hi Ron and all, I have to say it, I just don't see any panic situation in Oil Services. Sector is holding fine and I am seeing a lot of higher bottoms on individual trend charts. Heck, even Glens EVI managed a higher bottom and is close to a double top buy signal at 44. SLB is consolidating like crazy and HAL looks great so does GLM. I'm not breaking one bead of sweat over here. Ron, about PTEN...If that baby moves to 10 you have a another double bottom break and recent low. The relative strength just weakened moving one more box down while it is currently in a column of O's. It's also trading far below the bearish resistance line and the daily/weekly and monthly momentums are negative. Ouch. If it holds here and moves to 14.5, you would have the first buy signal off the bottom. Hope that happens for you but it looks weak right now. All the best, Jan

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next