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Posted on 6/12/15 at 11:19 am to Shepherd88
quote:
It's been hard not to of been profitable the past couple years. All you had to do was take a dart and throw it at the board.
Tell that to people long in the energy sector.
Just to show an example where technical analysis could be useful one could plot a company like Oasis Petroleum (OAS) on a chart with crude oil. One might notice that OAS was making new highs above its 2013 in the summer of 2014. Meanwhile crude oil was not making new highs above its 2013 highs. This would be a huge red flag if one owned OAS.
This post was edited on 6/12/15 at 11:26 am
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