Expecting oil to bounce 2020/6

I observe a consistent picture in many oil stocks that hint upcoming bounce in oil prices. Very speculative trade. Tight stop.

Pattern: no pattern. Buying on bullish PA/indicators/general market look&feel
Risk: 0,25% of total portfolio
Time horison: summer 2019
Exit strategy: selling in portions as price moves to 74.5 and bounces of MAs or oil price will return in a downtrend

ปิดการเทรด ด้วยตนเอง:

Oil did bounce. But RIG did not follow through all the way I planned. Closing the trade now as oil and SP500 looks to the downside. Will look for further opportunities with RIG.