Saturday, November 27, 2010

Watch List For Next Week.

ANSS Looks good over 49.38 with volume.

APP Over 1.60, Target 200 MA

BGCP  Looks good over 7.90

CIE Long over 11

FLEX Looks good over 7.34.

Looks great over 16.50

LNET Over 3.40, Target 200 MA.

NEWN Over 8.20 for a trade

NEWP  Looks ready for next move up. Alert for 15/15.20

PCS looks good over 12.30

PQ Over 7.12 for a trade

SMSI Over 14.50 with volume.
USU Long over 5.90

SSYS Ascending Triangle. Worth watching over 34.60

VDSI Long over 9

Monday, November 22, 2010

Watch List For 11/23/2010

BONT  Watching 13.50/13.70 area for a break out.

DDIC Low volume consolidation after earning break out. Looks ready to go again.Over 11.

GSM Sym. Triangle. Apex almost complete . Worth watching.

 MWW Break out alert for 20.23

SFI Looks good over 5.95 for a trade.

PVA Looks good over 16.90

SAFM Over 44.70 for a trade

Sunday, November 21, 2010

Watch List For Next Week

There are many bullish looking chart setups going into next week. It is also a shortened holiday week for the US market.  Seasonality should be in Bulls favor for the week.Following are the best chart set ups I could find in various sectors. Trade them well.

Friday, November 19, 2010

One of my favorite trade setup

This is a one of my favorite trade setup. Its simple and effective most of the time. Stock breaks out of long term consolidation, hits the nearest resistance. A long entry will be at the break out and exit at resistance. Next day, watch the stock for a follow through and look for a long entry on a higher low or on  previous day high.

ELY has formed a 4 months old base and an ascending triangle on its daily chart. The stock broke out on 11/18/10 above resistance 7.38. Entry was at 7.38 with target at 200 MA , 7.65.

Next day the stock gave two long entry.  First entry was on a higher low/Hammer candle from Day 1, second entry was when the stock broke Day 1 high. Click to see the Intraday chart and explanation.

Sunday, November 14, 2010

Wednesday, November 10, 2010