The long holiday weekend gave me a chance to do more scanning than usual. It turned up a big list of potential setups, in fact, MANY more than I can annotate and bring to this blog.
Two sectors that caught my attention were shippers and oil and natural gas exploration companies. Some of these have beaten up pretty badly, and now appear to ready for a tradeable, short term bounce.
I'm looking to book partial profits after any initial pop, then move stops up to breakeven and scale out of the remaining position.
ALWAYS use stop losses to avoid devastating losses to your portfolio.
Click charts to enlarge:
Two sectors that caught my attention were shippers and oil and natural gas exploration companies. Some of these have beaten up pretty badly, and now appear to ready for a tradeable, short term bounce.
I'm looking to book partial profits after any initial pop, then move stops up to breakeven and scale out of the remaining position.
ALWAYS use stop losses to avoid devastating losses to your portfolio.
Click charts to enlarge:
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