GULF OIL ANOTHER MULTIBAGGER IN MAKING

WE HAD CAME UP WITH A REPORT ON GULF OIL IN JAN TO BUY GULF OIL AT 95 LEVELS ATER THAT STOCK ZOOMED TO HIT 130 LEVELS NOW ITS LOOK INTRESTING IS IN CONSOLIDATION PHASE AGIAN CAN BUY THE STOCK BETWEEN 120-125   FOR TGT 140 AND ON SUCCESSFUL BREAK OUT ABV 140 CAN  BA ANOTHER MULTIBAGGER IN MAKINGGGG

HERE WAS THE REPORT  SENT IN JAN WHEN STOCK WAS QUOTING BELOW 100 LEVELS

Bulls have launched a new Momentum stock up in the air called Gulf Oil. But the question: Will the Momentum Launch be successful?


Let us look at the Launch: Here’s how the daily stock chart looks

As you can see in the chart above: Gulf Oil Corporation stock took off in a big way in last few days from 86 to 110. Now in last two days, stock has pulled back and the pullback is being see as great entry opportunity.
Here’s why: Look at the setup on weekly chart

 As you can see in the weekly chart above: Gulf Oil Corporation stock has been trying to cross above 100 for years now and it seems this week, the stock may be successful. Today is Friday and if stock closes above 100 – it will be a decisive breakout. Based on this assumption – one can buy and assume that breakout may happen. But if stock on Friday closes below 96, then one should exit and wait for the breakout to happen. At this point of time, we can only assume that breakout may happen considering supportive environment and the volumes stock has clocked recently.



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