Good Morning,
Unless you’re brand new you already love it when OOIL tickles my screen.
This play has scored for us over and over . . . and is back in position now.
OOIL usually hits us with either a technical situation too tempting to pass
up or a bit of NEWS on how Big Oil is embracing their water systems.
Today is a little different but I think the subtler opportunity we have today
could raise the upside ceiling beyond even the usual OOIL action.
 RSI - Right at the oversold line, very bullish
Price - At 52 Week low, on the bottom bollinger band, very bullish
MACD - Way below the zero & indicator line, very bullish
Acc/Dist - At absolute bottom, very bullish.
Whan you have a chart like OOIL which has all 4 of the major indicators
giving it a bullish uptrend signal, you pay attention as this could be the set
up for a monstrous breakout play.
A lot of great companies only peripherally related to the petroleum industry
initially suffered and then rebounded: railroads, even banks.
OOIL can still turn the filthiest oilfield sludge into clean tap water.
Fracking pollutes 72TRILL gallons a year so the problem isn’t going away.
(Read more)
The Persian Gulf is still pumping all the crude they can, and water is in
mighty short supply over there.
One OOIL tank cleans 5K barrels a DAY! (Brochure)
Gulf Energy signed up for a $1.4MILL “demo” a few months back to give giant
drillers in oil-rich Oman a taste of what OOIL can do.
But no place is filthier than China, and OOIL is on the ground there too, ready
to clean that country’s sludge as Beijing bumps up oil production.
But while oil has surged close to 10pct in the last week or so, OOIL has not
joined the party. I think it’s because traders are missing a key point.
So why is OOIL down close to 40pct? It looks to me like the traders scared of the
recent oil price drops, which now has created a great opportunity forus. IMO
Factor in the “reversion to mean” potential here below all the MDA lines.
Add the way oil is bouncing and OOIL hasn’t gotten to play along.
Plus, OOIL has surfed the waves of negativity in the oil patch with amazing
aplomb, which gets me thinking its next offensive may be spectacular.
And there’s no time like today to get in position.
Spy Hard, Profit Easy
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