Here you will find 20 long-term charts that will show you the opportunities that exist today in a sector ignored and hated by investors that is…..
the Oil Stocks
The long-term view allows you to get an idea of what are the potential performances that the sector and different stocks present. Here we analyze the technical and non-fundamental aspects: when investing in literally massacred sectors, it is also necessary to pay attention to the company’s balance sheet data to avoid surprises.
In the analyzes you will see you will often find two technical situations:
– a double bottom with positive divergence
– a 1-2-3 low which is a bullish pattern especially if it is found on oversold levels and turns out to be very powerful especially if oversold monthly
here is the classic explanation of the two technical patterns that you will see repeated in the next charts
the target expected in the coming months should point to the levels I indicated on the chart
a comparison with past movements: in the red and green boxes the potential intermediate and final targets
here too a view to summarize times and targets
here the stocks that present different patterns but with enormous potential (not only in the short but certainly in the medium-long term)
BKR
BKR = classic 1-2-3 Low
COP = double bottom w/pos.div.
COP again
DVN = 1-2-3 low w/huge pos. divergence
EOG = double bottom w/pos.div.
HAL = 1-2-3 low weekly chart
KMI = double bottom
MRO = 1-2-3 low
OXY = Buffet stock
PXD = same story…12-3- low
SLB = another 1-2-3 low
VLO = double bottom w/pos.div.
VLO = another chart
WMB = target time for the nex top
XOM = if not here…when???