Good day to all, 3 ETF’s and one stock with very interesting patterns are showed today…let’s start with the ETF’s where 2 of them are linked with Oil prices (where I’m bullish too).
USO United States Oil
Bullish channel, double top breakout, higher highs and higher lows, can’t get clearer than this. Buying pull backs.
OIH VanEck Vectors Oil Services ETF
Double bottom at 23$, trend line breakout. Risking as long as price is above 23$
JO iPath Bloomberg Coffee SubTR ETN
Huge downward sloping wedge pattern. A break above 14.59$ will give a break out signal and I would expect price to move towards 15.80-16$ at least.
Another interesting wedge pattern is found in CFFN US Capitol Federal Financial, Inc.
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Thank you for taking the time to catch up on my thinking