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16/03/17
15:52
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Originally posted by AverageJoe
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I've now cleared entire portfolio except gold stocks. ASX weekly formed a triple top if we assume nothing much tomorrow. Right above is a block of traffic from 2015 Feb-May. We are also approaching 'sell in may and go away'.
Waiting patiently for BHP around the 21-22 mark from recent sell off but it reversed with the damn IOP refusing to pullback. What are you watching beside Gold?
A poster was looking at BPT, off that 70.5 low and bounced nicely. Nice little daily pin bar 3 days ago but I don't know much about the oil fundamentals. Talk about manipulation, its a case between Frackers and Opec. Anything can happen even though I only look at the price action. These left fields can overnight and we wake up to US session trouncing or bull spikes.
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Energy - have a look at COE. They are growing immensely. And Victoria and SA needs a lot of gas short term and will pay big price and even give away incentives for drilling.
Oil on the other hand is obsolete.
PS: - I can cross promote, right? We talk anything we like here.