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Technical Analysis

Longer Term Trading Plans for OIH

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short OIH slightly under 399.15, target n/a, stop loss @ 400.3 Details

The technical summary data is suggesting a short of OIH as it gets near 399.15, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 400.3. 399.15 is the first level of resistance above 382.06, and by rule, any test of resistance is a short signal. In this case, if resistance 399.15 is being tested, so a short signal would exist.

Swing Trading Plans for OIH

• Buy OIH slightly over 389.08, target 399.15, Stop Loss @ 387.96 Details

If 389.08 begins to break higher, the technical summary data tells us to buy OIH just over 389.08, with an upside target of 399.15. The data also tells us to set a stop loss @ 387.96 in case the stock turns against the trade. 389.08 is the first level of resistance above 382.06, and by rule, any break above resistance is a buy signal. In this case, 389.08, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short OIH slightly near 389.08, target 374.48, Stop Loss @ 390.2. Details

The technical summary data is suggesting a short of OIH if it tests 389.08 with a downside target of 374.48. We should have a stop loss in place at 390.2 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 389.08, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for OIH

• Buy OIH slightly over 387.66, target 389.08, Stop Loss @ 386.76 Details

If 387.66 begins to break higher, the technical summary data tells us to buy OIH just over 387.66, with an upside target of 389.08. The data also tells us to set a stop loss @ 386.76 in case the stock turns against the trade. 387.66 is the first level of resistance above 382.06, and by rule, any break above resistance is a buy signal. In this case, 387.66, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short OIH slightly near 387.66, target 380.22, Stop Loss @ 388.56. Details

The technical summary data is suggesting a short of OIH if it tests 387.66 with a downside target of 380.22. We should have a stop loss in place at 388.56 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 387.66, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

OIH Technical Summary | Raw Data for the Trading Plans