Expecting the 1.27 to reverse, if not, looking for 1.618. Three drivers measurements are not as tight as I would like.
Missed the bounce so the R/R isn't great here, but this stock looks very good technically in the long and short term.
IBB at 2.816 extension of 2014 pullback and multiple channel resistence.
Also has trendline support here, only for a swing trade for me.
Great confluence here, also this move would fill the gap on the daily chart (the chart above is a 2 day chart).
AB=CD pattern, near 50% retrace from weekly time frame, volume has gotten very low and looks like is about to turn back up, oil is somewhat stable, currently dollar is under pressure which helps take oil higher, divergences on other time frames, at long term support, target from the H&S has almost been hit. Sounds like a pretty good list of reasons to go long :)
10 year trendline support on log chart, has been consolidating for a year and a half, expecting a large move soon.