we know where its been. gas and oil wont get much lower. its only going to go higher.in one week we've seen a 50% pullback since 1 June.looks like easy money to be made as soon as it finds support, witch looks like 40ish???opinions please!???
In the past 2 years, ECA has never really dipped below the 100 day moving average, slightly under the 50 day as it is now seems like a great buy if you look at the chart.http://finance.yahoo.com/q/ta?s=ECA&t=1y&l=on&z=m&q=l&p=m50,m100&a=&c=
ptosh, I see your point, I like that graph!:)
Wait for OIH to test 50 EMA. Pull back is not finish yet