Sunday, April 28, 2019 11:32:15 AM
Playing with time in the oil patch...GUSH
It was a hard fall last week for GUSH, and I rode it down. I was happy to see PERHAPS a tradeable bottom on the shorter time frames that fit some of the three criteria for a buy: Drop below 30 on the RSI (14) on all less-than-a-day timeframes and rise back above, a cross of price above the conversion line (30 min only), and a MA 5 crossover of MA 10 (30 min only). Will be watching the 30 min closely for any further weakness
It was a hard fall last week for GUSH, and I rode it down. I was happy to see PERHAPS a tradeable bottom on the shorter time frames that fit some of the three criteria for a buy: Drop below 30 on the RSI (14) on all less-than-a-day timeframes and rise back above, a cross of price above the conversion line (30 min only), and a MA 5 crossover of MA 10 (30 min only). Will be watching the 30 min closely for any further weakness
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