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Posted by
Two Blokes Jun 16 -
Filed in
Stock
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4 views
OIH surged alongside oil prices, but I maintain a hold rating due to ongoing technical concerns despite attractive valuations. The ETF's portfolio is highly concentrated in mid- and small-cap US oil services, adding cyclical and volatility risks. Recent momentum is positive, yet resistance near $265 and a negative long-term trend cap near-term upside potential.
