I know we've only had 3 weaker days on the stock market but in these days of low volatility and shallow corrections, it’s probably time to start getting a “potential buy” watch list together. For technical traders this means charts with interesting support not too far below current levels.

Origin may be a candidate for this. It’s now testing the support of its 40 week moving average but there’s potential to confirm a long term trend line dating back to the November 2012 low. Depending how quickly we got there, this would intersect with at about $14. It would also pick the 38.2% retracement of the rally since the last departure from this trend line. Below that the 50% retracement and support from the March 2013 high around $13.60 may also be a candidate.

chart of origin energy