I am loving this chart here guys, I did a fractal from 9/2017 support up to resistance on June 2018. This channel has been established since 2016 and if my chart is correct WLL
should make a run to re-enter the channel. Even if WLL fails to get back into the channel the upside is massive and there is almost 0 risk. If the oil market does in fact turn down towards $10 (which I don't think is happening) then I will probably buy another 1k shares worth and keep my LT TP for $15, and probably $32. Not sure if WLL can beat that but they FA is solid with over 500 mil in cash reserves 1.5 bil sales
and only 98 mil shares outstanding.
In conclusion I stay bulls on OIL, Uranium, very big bull on LITHIUM, Silver and TP on WLL around $16 Fam
should make a run to re-enter the channel. Even if WLL fails to get back into the channel the upside is massive and there is almost 0 risk. If the oil market does in fact turn down towards $10 (which I don't think is happening) then I will probably buy another 1k shares worth and keep my LT TP for $15, and probably $32. Not sure if WLL can beat that but they FA is solid with over 500 mil in cash reserves 1.5 bil sales
and only 98 mil shares outstanding.
In conclusion I stay bulls on OIL, Uranium, very big bull on LITHIUM, Silver and TP on WLL around $16 Fam