Oil has been creeping up lately. Today it triggered a bullish intraday pattern.
This intraday pattern if completes, sets up for a larger bullish daily chart pattern.
If this breakout in oil happens were going to see some energy stocks make moves liek the Semiconductors did today.
Many names like RIG, XOM, HAL, XLE put in daily bottoming tails.
Some energy stocks have much higher beta than others..be careful.
Not FA advice.
This intraday pattern if completes, sets up for a larger bullish daily chart pattern.
If this breakout in oil happens were going to see some energy stocks make moves liek the Semiconductors did today.
Many names like RIG, XOM, HAL, XLE put in daily bottoming tails.
Some energy stocks have much higher beta than others..be careful.
Not FA advice.