Prone Energy Stocks

Oil has been completely bananas today. Aside from this insanity, energy stocks still have some interesting topping patterns. They’ve had tremendous strength for weeks, but I think they’re ready to flip lower. Here are a couple………

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slopechart_DRQ (1)

……..and Apache………

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slopechart_APA

I think the broad energy ETF symbol XLE does a good job showing how a reversal is possible.

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slopechart_XLE

Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...

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