Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
The energy sector has rallied strongly lately. ERY is the speculative and dangerous triple X ETF that moves inverse to the energy sector. The weekly chart shows a beautiful falling wedge. Stochastics are oversold. The green lines show positive divergence across all the indicators. So energy should take a beating moving forward. Keystone bot ERY today opening a new long position. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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