So many dip buy plays! SGY and EBIO would have been perfect!

 

Main Watchlist

SGY - Closed right at the daily highs, either this breaks past $0.68 or it crashes (more likely option.) This had a morning panic, but then turned into a dip buy. This managed to spike back to $0.70 before falling to $0.63 and consolidating. I was thinking about buying the dip, but I know that I need to study more.

 

EBIO - Looking for this to test $1.56 resistance, and possibly break out. Could also be a dip buy at $1.25, so watch for that. This dipped to $1.27, not $1.25, but I pretty much called the dip buy perfectly. This then spiked to $1.44 before falling back to $1.31.

 

Side Watchlist

NM - This ran up to $1.10 during PM before falling down once market opened. This did manage to spike above the red-green area and consolidated, so it could always spike back. Spiked to $1.08 from $0.96 before falling. Managed to ramp back up to $1.05 by the EOD.

 

OCN - Same price action as NM, just in the $2 range. Earnings play, so watch this. Volume fell, the chart was choppy. Off my watch.

PES - Broke out of $3.55 resistance and spiked up to $4.16. Want to see if it could break the $4.16 resistance. Couldn’t break out, this dropped down to $3.50.