Sitting on wave 4, tested today support line and got a nice bounce.. Might test it again to confirm the line and potentially could do a run up from there.. There are some strong resistance on the chart but there are no too strong resistance to get a %30-%50 gain all the way to 1ish. If the support trendline breaks then it will have to close the gap at $0.55.. Watch for volume, this stock normally run fast when the volume is high and support gets confirmed while volume starts to pick up. At this moment very low volume but with a nice bounce from support line.
Also, it looks like other Oil companies trying to get to the support level.. OAS might hold around till the whole industry is ready for a run up..
I'm all in. Good Luck!
Komentarz
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50MA just crossed 100MA for the first time since May 2019..