Wednesday, September 30, 2015

Some For Wedn 30th Sept

I went through my usual scans and looked at probably 150 to 200 charts. The two sectors that flooded the day rangers scan were biotech and energy. All these bios are looking about as oversold as IBB itself. Didn't see anything worth it over IBB outright. All the biotechs in play have had their beating. There are some interesting setups forming in energy and silver with crude oil still in its triangle consolidation. Let's start with long biases.

So first is EGY an energy right on trend support. Doji even.

Next is an interesting one. LEE which is a former runner. This thing goes when it goes. Bull triangle trying to put in a bottom. Sure thing on $2.00 a share hold.

Lastly a short bias. NJR a red candle above upper Bollinger band plus overbought.

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