Searching for a reversal in some oil & oil services stocks? BAS looks primed after a 4 month bottom channel. Ideally a breakout through 8 brings volume for a nice swing trade towards 11 short term and 15 longer term.
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BAS - Basic Energy Services, oil sector reversal candidate
Searching for a reversal in some oil & oil services stocks? BAS looks primed after a 4 month bottom channel. Ideally a breakout through 8 brings volume for a nice swing trade towards 11 short term and 15 longer term.
Disclosure: I have no position at the time of this post, however, I may take a position according to the plan suggested above.
Good news, you have 3 days to study this chart with the long weekend! Happy Easter.
Today, BAS finally started the move I was looking for.
Where do you see the target price though? I have the feeling that around 11-11.50 the travel will be over again.
