Oil E&P Name Showing Relative Strength as Bull Flag Forms
Hess (HES) shares flagging above 8 EMA this week and today formed a inside day candle as crude oil bounced off recent lows. The stock has an inverted head and shoulders look to it with recent dips to the monthly value area at 107 getting bought up. HES has an untested VPOC overhead at 118.80 and would be a good first target.
