How the (OIH) price action is used to our Advantage

Longer Term Trading Plans for OIH

• Buy OIH near 224.92 target 249.87 stop loss @ 224.27 Details

The technical summary data tells us to buy OIH near 224.92 with an upside target of 249.87. This data also tells us to set a stop loss @ 224.27 to protect against excessive loss in case the stock begins to move against the trade. 224.92 is the first level of support below 243.99 , and by rule, any test of support is a buy signal. In this case, support 224.92 is being tested, a buy signal would exist.

• Short OIH slightly under 249.87, target 224.92, stop loss @ 250.59 Details

The technical summary data is suggesting a short of OIH as it gets near 249.87 with a downside target of 224.92. We should have a stop loss in place at 250.59though. 249.87 is the first level of resistance above 243.99, and by rule, any test of resistance is a short signal. In this case, if resistance 249.87 is being tested, a short signal would exist.

Swing Trading Plans for OIH

• Buy OIH slightly over 249.87, target n/a, Stop Loss @ 249.15 Details

If 249.87 begins to break higher, the technical summary data tells us to buy OIH just slightly over 249.87, with an upside target of n/a. The data also tells us to set a stop loss @ 249.15 in case the stock turns against the trade. 249.87 is the first level of resistance above 243.99, and by rule, any break above resistance is a buy signal. In this case, 249.87, 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 249.87, target 239.15, Stop Loss @ 250.59. Details

The technical summary data is suggesting a short of OIH if it tests 249.87 with a downside target of 239.15. We should have a stop loss in place at 250.59 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, 249.87, 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 249.87, target n/a, Stop Loss @ 249.29 Details

If 249.87 begins to break higher, the technical summary data tells us to buy OIH just slightly over 249.87, with an upside target of n/a. The data also tells us to set a stop loss @ 249.29 in case the stock turns against the trade. 249.87 is the first level of resistance above 243.99, and by rule, any break above resistance is a buy signal. In this case, 249.87, 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 249.87, target 239.15, Stop Loss @ 250.45. Details

The technical summary data is suggesting a short of OIH if it tests 249.87 with a downside target of 239.15. We should have a stop loss in place at 250.45 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, 249.87, 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.

Check the time stamp on this data. Updated AI-Generated Signals for  Vaneck Oil Services Etf (OIH) available here: OIH.

OIH Ratings for July 23:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Weak
P1	0	0	199.37
P2	234.38	227.91	224.92
P3	237.79	239.15	249.87

AI Generated Signals for OIH

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