Oil States Stock Getting Cut in Half Again?

oil states stock elliott wave analysis

Eight month ago, we stumbled upon the daily chart of Oil States stock and immediately recognized a dangerous situation. A few days before New Year, while OIS was trading close to $40 a share, the Elliott Wave Principle warned us that “the bears are supposed to take the wheel again“, since there was a “Textbook…

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Oil States Stock: A Textbook Elliott Wave Setup

oil states stock

Oil States International Inc., founded in 1937, provides services to oil and gas companies. With a market cap barely exceeding $2 billion, you might ask what is so interesting about this stock. The answer – its charts, of course. The size of the enterprise should not matter, because the stock prices of both large and…

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