Liberty LBRT showing enough strength thru COVID Correction "SZN"
Liberty has been rising while OIL has found a massive resistance over 40/bar.
In the period oil has traded sideways,
LBRT Has rose: This is an overall very good sign.
Ultimately, the oil must return to 60+ per barrel but it is nowhere close, and the entire oil trading industry lingers in this cesspool created by a pandemic, a scare of impending crisis - and many buy-points on oil and oil-related stocks that have just sprung up in circular and cyclic fashion as always.
Pitting these charts together does tell a story.
See also, related idea Re: OIL vs LBRT's potentially GOOD earnings report!
-BDR
In the period oil has traded sideways,
LBRT Has rose: This is an overall very good sign.Ultimately, the oil must return to 60+ per barrel but it is nowhere close, and the entire oil trading industry lingers in this cesspool created by a pandemic, a scare of impending crisis - and many buy-points on oil and oil-related stocks that have just sprung up in circular and cyclic fashion as always.
Pitting these charts together does tell a story.
See also, related idea Re: OIL vs LBRT's potentially GOOD earnings report!
-BDR
ملاحظة
Note: 10.44 was targetted; FIB shows realizations at 9.05 and 10.79.Averaging these three exits gives roughly a 10.1 mark. Of course, these would all be approximations given the nature of chart behaviors.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.