Goldman Sacks sees higher prices in Oil. Finally.

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 Using charts like the one below, you may recall that I had been call for a low in Oil in early 2016 and snap back rally in Oil and Energy stocks.    Since that time, many analysts still called for another price crash, and that includes Goldman Sachs .  Is this important? It is if you missed some of the 100%, 200% 300% gains in some of the energy stocks.

OIL BIG PIC

Did you see the news today about Oil by Goldman today? This was the headline.

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PUBLIC POST – WAITING ON THE FED?

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We are at another Fed FOMC Wednesday. The latest Fed Decision on interest rates will be released today, and usually that means we have to get ready for likely volatility. Today  I prepared my premium readers to get ready for the trades that the charts are setting up for. Lets review some of what they saw...

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Last Thursday I showed how Oil would have to work its way through resistance, but was still going higher.

WTIC 4-21 Read More

PUBLIC POST – The Weekend Review

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It was another excellent week of trading at Chartfreak.com.  Allow me to share a few thoughts with you.

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EDIT:   The following trade was up another 40% today alone  🙂

LGCY- This was the trade of the week if you ask me.  I showed this base as having explosive potential back on April 9th.

LGCY

This was Last Monday - It was a buy when it bounced right off of the 50sma near $1.00.  These types of bases are explosive.

LGCY 4-18

Last Wednesday -  Still could be bought, inside of that long running base.

LGCY 4-20

APRIL 22 LGCY - It surged to $2.35 Friday!  Well over 100% in 5 days, 46% Friday alone.

LGCY 4-22 b

  Is this just the start of a break out from the base, or has it exhausted itself?

I discussed in the weekend report my expectation for LGCY going forward.  

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