About Me

Passionate about the markets and Technical Analysis. The learning never stops!

Sunday, May 14, 2017

Oil & Gas Stocks have bottomed!


The following is our FTSE Index which represents our Oil & Gas stocks.

 A lot of our oil and gas stocks have fallen on hard times since late 2014 (Some went into receivership!).   The decline has been relentless in 2015 and in 2016 it started to bottom out.

 In Jan this year, it started to break above the "neckline" of an "Adam & Eve" bottoming formation and is looking to be in a sustainable recovery. Adam & Eve is one of my favourite reversal formations.  Read about it here.

 I am expecting many of our trodden down (but still surviving) oil & gas stocks to continue on a recovery path this year.  Watch for them!

Adam & Evee


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