Yes 2bit, oil and energy seem to be suddenly alive and kicking. But is this incipient trend going to last? Two of my tradable stocks (RIG and AMSC, which I mentioned here before) did very well already and may be ready for a brief correction. But another one, with fundamentals fitting the present Gov move, performed only timidly lately, while its TA recommends it also: SLB. The AW formation, especially when part of a grand sideway zigzag, suggests that an AB = CD could take us to $68, while a complete CD’ should go to $72...
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