20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
As oil continues to soar and approaches $70 a barrel, shares of many stocks in the energy sector have rallied as well. Some appear to be poised to keep moving higher.
These include penny stocks W&T Offshore, Inc. (NYSE:WTI), Ultrapar Participações S.A. (NYSE:UGP), and Vista Oil & Gas, S.A.B. de C.V. (NYSE:VIST).
See Also: 3 Penny Stocks In The Energy Sector Ripe To Play For Inflation
WTI may be breaking the resistance around the $4.50 level. This is where the top was in early March. If it clears this level, the uptrend could resume.
UGP hit resistance around the $4.10 level in early May. Now shares have reached this level again, and they may be about to break through it.
Shares of VIST hit resistance at $3.75 during last June and July, and they're now trading above this important level. There’s a good chance the rally continues.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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