SR618

XLE flag weekly / double bottom daily

Long
AMEX:XLE   SPDR Select Sector Fund - Energy Select Sector
Horizontal S&R: dialy and weekly
Channel S&R: yes
MA S&R: some, 20ma
>200ma: no
Volume confirmation: yes
Candle Confirmation: no
Stoch Divergence: yes daily
Reg Trendline >85: yes
Short Float: n/a
Risk / Reward: 1.3 & 2. hope to get some at $65

Any feedback is welcomed.

looks like a good setup, though oil is a highly manipulated market.

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