JGSmith123

OIH Looking very bearish

Kort
AMEX:OIH   VanEck Oil Services ETF
OIH tried to breakout of its range but could not do it. As the adage says, "There is nothing more bearish than a failed breakout." And, though the concept of a failed breakout can be debated, this tried to move upward but could not and has two strong bearish days behind it pushing it below previous support. This is looking like a very clear downward move.
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