UKOIL on strong yearly support level
strong support area on yearly chart and is bouncing off with stochastic in oversold area (NOT CROSSED UP YET). there's a bit of bullish divergence on the weekly and monthly chart at the yearly support level.
stochastic crossed upwards 20 on the daily chart and CCI above zero as well as a TomDemark sequential Setup on monthly chart.
I went long on Friday and still holding my position i added more to my position today when price bounced off Friday's poc area. i am expecting some consolidation on the 46.83 which is my first primary target and then 59.82 which would be my second target area. hoping to ride this long term
stochastic crossed upwards 20 on the daily chart and CCI above zero as well as a TomDemark sequential Setup on monthly chart.
I went long on Friday and still holding my position i added more to my position today when price bounced off Friday's poc area. i am expecting some consolidation on the 46.83 which is my first primary target and then 59.82 which would be my second target area. hoping to ride this long term