Several updates from this morning”s
Several updates from this morning”s price action:
ATTBF — Retesting .135 support after a shallower bounce than the previous reaction up, which is forming a descending triangle. “Third time”s no so charming.” Closing above .175 would still save the pattern from another downleg.
FITX — Having formed a narrow channel, the lower end is being tested while volume begins expanding. There is potential for a new downleg to fresh lows under .01.
ERBB — The triple bottom”s last bounce has now been retraced as deeply as possible to .0125 without yet signaling a break lower underway.
GWPH — Volume expanding into this morning”s fresh low attacking 66. Bouncing to close back above 72.10 would suggest that a pullback had ended. The downleg that was triggered under 79.55 otherwise remains intact.
INSY — Volume consistently firming as price creeps back up to 42 resistance, where inflecting through it sharply on expanding volume would launch the next upleg.
Crude Oil is bouncing from last night”s $2+ drop, but being +$1 has retraced to break-even. That could begin forming a bottom, but a durable rally is unlikely this soon. Meanwhile, Energy sector issues are firming…
