lauralea

Cup and Handle

lauralea Uppdaterad   
NASDAQ:FANG   Diamondback Energy, Inc.
Earnings in January.

Possible stop below handle low/HL.
Price was over long entry level and pulled back below in a few weeks. Some call this a throwback verses a pull back. Throwbacks can hurt performance.

3 year and most recent high is 117.71/Long term high is 140.78.

Sector is known to be volatile. I am keeping an eye on the top and this Does need to surpass most recent high. I try to stay updated on what is going on in the oil world, which changes daily, and was thinking I should sell my oil stocks a few days ago, but seemed like they just pulled back some like everything else as of late, so I am still hanging in there. So far I plan to hang but am keeping my ears open. I own FANG, XOM, EOG and Gush (Gush is very risky and is leveraged). Lots do not like to fool with oil due to volatility, and those who do have their own favorites. They move together anyway.

No recommendation
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