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Ron Jaenisch's  Instablog

Ron Jaenisch
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A personal student of Dr. Andrews of Median Line fame. Has articles published in several magazines including Stocks and Commodities, Futures and Traders World. For over 10 years has been trading and teaching the Advanced Andrews Course at www.andrewscourse.com and www.precisiontrader.com
My company:
RCS
My blog:
precisiontrader
My book:
Advanced Andrews Course Manual
  • Oil Sector To Blossom 0 comments
    Dec 18, 2013 11:03 AM | about stocks: KOG

    A few weeks back I posted an alert on Cnn IReport that Oil had a significant reversal signal along with this chart.

    (click to enlarge)

    Today I noted that several oil stocks gave Buy signals. The one I purchased was KOG.(click to enlarge)

    From a fundamental point of view, may I point out that the company had a 100% increase in earnings this year and the price of the stock is back down in last years rage.

    But more important is that there are many buy signals of stocks in this group. This indicates that the group is going up and the various Andrews-Babson signals here are an additional input.

    Disclosure: I am long KOG.

    Themes: Crude Oil sector Stocks: KOG
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