Stock price when the opinion was issued
In his core portfolio, he got rid of the last little bit of his energy sector. The chart shows a little bit of a new uptrend happening. It hasn’t broken the downtrend. There is potential for it to break out above its downward line, and that would be quite bullish. If it got above $6, that would really change it. Risk/reward looks pretty good. It will probably come back to revisit its floor, and if it breaks down through that, you probably want to get out. The seasonal period of energy normally is right about now.