$12 was holding for awhile. $11.50 looks like the new support level. Anyone got this on their watchlist?
I bought some in the mid $11's for a swing .. not looking too great. Need this to do some climbing. Looking for approx. $13 sell range.
https://www.fool.com/investing/2017...inventory-data-upends-the-oil.aspx?yptr=yahoo broken the $10.... hope the petrol will pick up soon .... will it?
@BermudianOption - I saw you posted in the oil thread about a stock that doesn't quite follow oil, reminded me of this one that TTT used to trade with great success. He'd play it when oil would hit support and then sell it at the upper BB if memory serves. Obviously there's a history of it, but I'll need to re-read through this thread. Just figured I'd share this in case you had any interest in it.
I know TTT used to trade this one all the time. Down 6% today and approaching some support. As TTT would mention, riding the lower BB as well right now.
Took a shot on this one just now at $17.19. R/R of 3.64. Hoping for a little over a 10% return. Riding the lower BB with support from the 50MA. Oil was looking like it was at support around $64, so hoping for a bounce here as this one tends to follow the trajectory of oil.
You can look through pages and pages in this thread of TTT making tons of money by trading this strategy though he was a lot more astute than I am
