If you believe that you have missed $OXY's run and still want to get in on an energy stock, that has a lot of upside but over a longer period of time, $VET may be suitable for your portfolio.
I like the chart here and how Wave 2 looks to have held at the 0.65 Fib and the price is above the 200 Day MA now too.
Energy stocks will likely drift higher as the price of oil continues its climb.
I believe the price of oil is under pressure because of BRICs forming and their power over the oil supply and their strength is growing....putting oil prices under more pressure.
Baktash Azizi
2024-06-10 21:49:09 +0000 UTCKristof Van Nevel
2023-09-29 17:43:12 +0000 UTC