This looks a little over-sold today : Sure, energy sector smashed today -5% and worst performing sector on asx,
however, Its very over-stretched on the down side today.
So this leading energy stock is good to BUY as a day trade only. Not holding over weekend.
Only buying small ( about 1/3rd normal size) with a tight stop under low of day.
Strategies ticked ( all Street Smart strategies...)
1. Turtle soup > new 20 day low, with buy stop just above old low 20 days ago> false break possible
2. momentum pinball> RSI/ROC function is < 30; buy on break of high of first hour @ 21.40 stop under this bar
3. The Anty > the modified Stochastic is stretched down side in a larger daily uptrend, hitting -38% retracement, usually a 3 day strategy
Looking to exit by close today in profit....
