The best & lowest risk entries are generally during the mark up phase, look for a stock with a strong base (a potential accumulation) in the background, this is the 'cause'. And in response, the 'effect' should be the markup phase. Trading the markup phase generally carries lowest risk, and there are many way to take advantage of it. From trading the test of a breakout, to accumulating at or near the lows, but pyramiding into the position is often a common trait of many different entry styles for a swing trade of this type or similar. And generally most entries will be made off of a low volume (narrow spread) down bar (or wave), as they suggest selling pressure is low (as it is selling pressure which will thwart a decent upmove).
I can't open the thumbnail chart for some reason, so I can't see your line work, or the price action, on that chart.
Oil stocks can be quite tricky at times, especially producers, as they respond quite closely to the POO (sometimes it is better trading the stocks using the POO chart as a proxy for their price)
I can't open this thumbnail either....
cheers
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