/biz/ - Business & Finance

>>18978292
>>18978622
We also talked about XTN. Transports are a good forecast of oil. If it tanks, oil will likely tank, which is good for us.

You could make both cases for XTN right now.

For the bobos this is a continuation wedge pattern from the March crash, RSI already tipping overbought, and they're not even halfway to the upper resistance. This reinforces their case:
>Muh unemployment is at record highs!
>Second Wave!
>"We will see a further crash the likes of which we never seen" t. Goldman Sachs
>OH NO Warren Buffet sold all his airlines stocks!
>There is no demand for oil!
Closing below $48 on Tuesday is bobos wet dream right now, bad for oil producers, and good for us. Bouncing off $50 before Tuesday is also good for us (forming double top, big reversal potential).

You have to consider the mumu side too. For them the March panic sell off was a one-and-done deal, and we are now in a smooth 7-week long upward trend.
>Virus was a hoax!
>Don't fight the Fed!
>Endless green dildos!
Mumus are looking for XTN to break above 51 by Wednesday. If they close the week out above $50, we have to give it to them, and hold our bags for a bit longer.