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A lot of people are acting like a MASTER here saying “waiting 0.140 , waiting 0.125 ,0.09....” so what scenario of these MASTER using to enter into market ??? Feelings??? The fact of low o&g demand indicates this counter is dying now . LMAO
What you mean dying ? The demand of oil and gas will be gone forever? The Best Buy for a good company is when the company in weakness... and patiently wait for the reward. If I can wait years for a counter, what’s the problem. I can see a profit margin of at least 200% in few years time. And my strategy is to enter at support price... simply as that.
It’s a classic cup and handle chart whereby the buying pivot point is passed. Coming Monday, if volume can maintain and increase above the previous day’s volume, the uptrend is on....sit tight for the show...........