Sunday Prep 8/29 - $PSX Energy Sector Play

NYSE:PSX   Phillips 66
Remember, Energy sector had the bounce back into resistance. Here is a name with decent range and volume that is coming into some levels of resistance as well. Will be interested in a push back to 75 or if that doesn’t hold, the next spot I would try to fade would be the 50d/200d/monthly pivot area at 77.

Really wasn’t easy to spot too many ugly charts out there. All of last week’s ideas still hold true from this section as far as the levels they need to lose where I will see them as weak: $FUBO under 24.5, $BLNK under 29, and ARKK under 113. But I didn’t think it was worth it to go and rehash all those ideas. Just know that I still have alerts and will be stalking them.


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