While we are all looking elsewhere, it seems oil stocks might have made their low and moving back towards their respective 200day moving averages. Ive been watching Linc energy which was way over sold, and as soon as it put in a few days over its 200sma it spiked. Im also looking at Beach, Santos and Woodside, they seem cheap to me and are comming up in price. Looking at oil in general it seems to have bottomed and slowly moving higher. Others are better analysts than I am, so do your own research. It seems to me that undervalued energy stocks are coming out of hybernation.
WOW! Linc Energy closed above heavy duty resistance on big volume to close above $1 completing a doubling of their share price (low of 46c a few months ago). Im glad I held on but wished i topped up more.
