October 21st, 2016 Watch-list
Evening traders! Essentially an even day for the market with the DJIA closing down slightly (40.27 points). We're still holding the same range we have been for the past month. Still a lot of indecisiveness out there with traders and investors. We may see this continue up until the election in the US is over. Below you will find the daily chart for the DJIA with key support and resistance labeled.
Current Below $20 Plays on Watch:
BDSI: Doji candle for this one today. It looked like we may head lower, but we were able to rally to a break even. Overall daily set-up is still looking strong. On the 15 min chart we're seeing the price consolidate. If we can go up and break $2.49 and break into the $2.50's, we'll have broken out of the consolidation phase. Hoping to see a move in the next day or 2 towards our initial target.
MITK: Still waiting for this one to give us a daily and 15 minute buy signal in unison. Wouldn't mind if we head a little lower. Keep on watch moving forward for daily and 15 minute buy before entering.