I think we have many interesting companies that show big accumulation bases that can rally nicely with oil during and after January 2020.
$XOM is one of them, risk is a $3 drop from here, to make it to the target on chart at least, but could be twice as big of a rally in this timeframe too.
Over time, there's a chance of a monthly basing pattern to confirm a trend, which would align with what I see in $USOIL.
Big speculative trends are about to get in motion during 2020, I think many will be related to $USOIL rallying, like solar names, $TSLA and other EV related stocks (battery tech and materials, etc) and Emerging market stocks like $ARGT, $EEM, $EWZ, Singapore, Vietnam, and individual names in energy with solid charts and valuations.
Best of luck,
Ivan Labrie.
$XOM is one of them, risk is a $3 drop from here, to make it to the target on chart at least, but could be twice as big of a rally in this timeframe too.
Over time, there's a chance of a monthly basing pattern to confirm a trend, which would align with what I see in $USOIL.
Big speculative trends are about to get in motion during 2020, I think many will be related to $USOIL rallying, like solar names, $TSLA and other EV related stocks (battery tech and materials, etc) and Emerging market stocks like $ARGT, $EEM, $EWZ, Singapore, Vietnam, and individual names in energy with solid charts and valuations.
Best of luck,
Ivan Labrie.
