Equity Oracle: 01/29/15

Oil prices have reached a 6-year low but that doesn’t mean that prices are going to stay this low. Look at the daily candle chart of OIH and you will see a perfectly formed hammer pattern at the 3-year support level for the ETF. There are also gaps above the market that will help draw the price upwards, placing us in a great position to go long the stock and take a ride.

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