Learn to Evaluate Vaneck Oil Services Etf (OIH) using the Charts

September 02, 2022, 11:45 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Vaneck Oil Services Etf (NYSE: OIH) report below can help you understand how to do this. The trading plans for OIH, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for OIH

• Buy OIH slightly over 222.53 target 265.19 stop loss @ 221.89 Details

The technical summary data tells us to buy OIH near 222.53 with an upside target of 265.19. This data also tells us to set a stop loss @ 221.89 to protect against excessive loss in case the stock begins to move against the trade. 222.53 is the first level of support below 241.75 , and by rule, any test of support is a buy signal. In this case, support 222.53 would be being tested, so a buy signal would exist.

• Short OIH under 265.19, target 222.53, stop loss @ 265.96 Details

The technical summary data is suggesting a short of OIH as it gets near 265.19 with a downside target of 222.53. We should have a stop loss in place at 265.96though. 265.19 is the first level of resistance above 241.75, and by rule, any test of resistance is a short signal. In this case, if resistance 265.19 is being tested, so a short signal would exist.

Swing Trading Plans for OIH

• Buy OIH slightly over 258.27, target 265.19, Stop Loss @ 257.52 Details

If 258.27 begins to break higher, the technical summary data tells us to buy OIH just slightly over 258.27, with an upside target of 265.19. The data also tells us to set a stop loss @ 257.52 in case the stock turns against the trade. 258.27 is the first level of resistance above 241.75, and by rule, any break above resistance is a buy signal. In this case, 258.27, 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 near 258.27, target 239.65, Stop Loss @ 259.02. Details

The technical summary data is suggesting a short of OIH if it tests 258.27 with a downside target of 239.65. We should have a stop loss in place at 259.02 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, 258.27, 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 258.27, target 265.19, Stop Loss @ 257.67 Details

If 258.27 begins to break higher, the technical summary data tells us to buy OIH just slightly over 258.27, with an upside target of 265.19. The data also tells us to set a stop loss @ 257.67 in case the stock turns against the trade. 258.27 is the first level of resistance above 241.75, and by rule, any break above resistance is a buy signal. In this case, 258.27, 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 near 258.27, target 239.70, Stop Loss @ 258.87. Details

The technical summary data is suggesting a short of OIH if it tests 258.27 with a downside target of 239.70. We should have a stop loss in place at 258.87 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, 258.27, 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 Ratings for September 02:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	222.53
P2	230.23	239.65	265.19
P3	239.70	258.27	310.15

Support and Resistance Plot Chart for OIH

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