Below is not a buy call. It is to serve as an education material. Please read disclaimer on the left of the menu.
People who are looking to participate in oil related counters, can consider to look at Pacific Radiance. Pacific Radiance is one of the stocks which seems to gain momentum recently.
Possible crossover (Bullish) = 20 days moving average crossup the 50 days moving average
Overbought region = RSI reaches the overbought region
Volume = If the trading volume continues or became more than today’s, there might be a possibility of higher high in the stock price.
Entry price = $0.375
Target price = $0.44
Time frame = 2 weeks – 1 month
Profit = 17.33%
Catalyst = Oil prices