Pay on a monthly looks like it's closing in on 24.50 support. Could be a nice R/R to go long on that level. MACD about to turn over.
GM is closing in on the descending weekly resistance trendline at about 37.50. Currently weekly is also facing a horizontal resistance which needs to be broken first to reach 37.50 zone. Breaking 37.50 will need a very big push and with volume to consider this breakout a real breakout. All in all even if GM turns bullish in short term I don't think it will have...
Broke the descending trend line couple of days back. Hit the top of bollinger bands and horizontal resistance and reversed. Above 54.50 definite breakout out of all the channels, best would be to consolidate between today's low and 54.30 for a few sessions and the break the resistance of 54.50 with some volume. Surely on the watchlist , can go long with today's...
ABBV is sitting right at support and bounced just 50 cents above from the gap fill level. Although today's close was not bullish at all, but the fact that it bounce from the previous support as well as the gap was almost filled gives a feeling that this could consolidate for few days and have a turnaround. Can go long with a stop @55(conservative) for prices of 60...
SINA is right at a long term declining resistance level . Previous four weekly closes suggest a breakout is coming soon. On a daily it can consolidate further with movements within the wedge 50-52. A clear breakout would be above 53.50 which will give a great R/R
Today's breakout came from couple of converging trend lines. This paves way for much higher prices for GOGO. Can be a good R/R to go long and have a stop @ today's low. RSI is definitely overbought and needs to cool down a tad. Price outside of bollinger band as well. A couple of days of side movement and then resume the trend up is possible for GOGO.
Quite cluttered price movements from the past few days but prices always kept hanging on to $27 mark every time it went below it. Most of the closes were fairly bullish showing some great basing. Even with today's overall market weakness GIMO closed on the highs. Closed above 20dma, MACD about to have a bullish crossover, RSI rising. All in all everything in favor...
VDSI can be played on the long side by playing the support from lower trend line. This could be a start of a nice leg up. MACD is looking to have a bullish cross-over while RSI is rising. All it needs is bollinger bands to open which could also happen pretty soon. Well supported by 50dma from below. Can be a good R/R to go long at current prices and keep a stop...
CREE right at monthly support, almost a doji couple of months back then almost a bullish hammer right at support. MACD about to get a bullish crossover and RSI is rising. Could be a very nice spot to go long.
NBIX on Friday broke out to 52Wk high and reversed a little. Still closed above the horizontal resistance line. If it can stay abovr 56.50 in coming day or two we might have a clear breakout and can be a good time to go long with a great R/R. RSI are MACD are bullish but suggest a rest might be needed before a push higher.
HIMX on daily facing some resistance on a long term declining trend line. Doji on an uptrend will need confirmation lower to start a leg lower. RSI is declining signalling bearish behavior, MACD could turn down with one down day. Any move and hold above current levels could reverse a downtrend and start a new leg higher. Possible 3 white soldiers as they say will...
Once although it broke out of the declining trendline, but faced resistance at the horizontal resistance. MACD's is about to have a bullish crossover which hints at higher prices. RSI is rising and not even close to being overbought. Bollinger bands opening is again a bullish sign. Prices could consolidate btw 58-60 range before breaking out of horizontal...
Breaking out of the horizontal resistance line and the downward trendline, also looks like a handle breaking out of cup and handle. Although at top of bollinger bands could pause here a little and resume the uptrend. A very good R/R here with a stop below 36. Upside potential is huge where near term prices could see 50 to start with. RSI is rising but still not...
On a daily Qihu looks a lot extended but here on weekly it still has room according to the RSI's, MACD's and MA's. But can face some resistance from the horizontal trend lines. Breaking which can definitely see immediate price targets of mid 70's. Although it looks like some rest is due, if it reverses from here immediate price target could be late 50's.
Support @10.80 from where it bounced and created hammer. A bull flag under formation after the big previous breakout. A very good R/R to go long with stop loss @10.80.
FSLR getting bullish again after digesting earnings gap up. The bearish engulfing candle which was formed on Tuesday didn't have a follow through down which suggests buyers are definitely taking over. Close on Friday was confirmation of the same. Price closed just below 20dma which should immediately suggest that price can test 52.50 level before moving back up...
QCOM hit the 52 week low this week, but still can go long with this week's low as a stop. Definitely not a good looking chart on a daily or a weekly but monthly shows some support.