Re-entry on GEOI, ABLE & FUEL
I expect Crude Oil Futures to hold $50/barrel for now and looks to me that a bounce back to 53-55 is due soon from this chart. http://www.wtrg.com/daily/clfhl.gif Entry points for GEOI, ABLE&FUEL are as close to 9, 8.5 and 1.85 as possible with 25 cents stop-loss for GEOI&ABLE and 6 cents stop-loss for FUEL. I'm looking at +20% return on each of these stocks before the end of next week. Good Luck! |
posted by dreamrealizer at 1:28 PM
3 Comments:
I think GEOI looks great! It bounced off its lower limit perfectly and with oil sitting right at $50 a barrel (which no one thinks can go any lower) GEOI has no where to go but up. What do you think? I'm buying in the morning!
I agree. But you know what? I'm gonna buy ABLE&FUEL instead this time since their charts look more smooth and the bounce can be much more powerful.
GEOI: Major Resistance at 9.5-9.8 => 12%-15% potential gain
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=geoi&sid=0&o_symb=geoi&freq=1&time=5
ABLE: No Resistance below 11 => +25% potential gain
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=able&sid=0&o_symb=able&freq=1&time=5
FUEL: Major Resistance at 2.3 => 18% potential gain
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=fuel&sid=0&o_symb=fuel&freq=1&time=5
Which one gonna be the winner? Time will tell:) Trade well!
LOL...dang now I read your blog! I'm into GEOI. Come on! It's time to make some money in this market...Thanks for the input.
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