fundamentals: bang average. decent for short.
sector: XLE sector at resistance and overbought - good to short - matches $PSX sentiment
thesis: wedge playing the bounce from resistance convergence spot down to support
buy confluences: horizontal resistance zone (very key level back to 2015), resistance trendline, wedge pattern continuation, no volume above, POC...
fundamentals: decent fundamentals for a short
sector: XLE at key level (resistance) and already overbought, good short
thesis: horizontal resistance play playing the bounce back down to support
buy confluences: horizontal resistance, no volume above, resistance trendline, poc below, 200MA below, rsi overbought, vortex bulls high bears low (both of them well...
