Interesting Charts

Posted by downtowntrader | 12/20/2005 10:23:00 PM | 0 comments »

Here are some interesting charts i'm watching.

PNRA may bounce off this trendline.
The next two stocks are in deep corrections. Sometimes the last few days are panic induced so you may be able to get a bargain. The best thing is to not be greedy and try and get the exact bottom. Wait for it to settle down.

MCX selling may be getting out of hand here. I will watch this over the next few days, although I can't see many scenarios where I will buy this tomorrow. Maybe Thursday though.
QDEL is an example of one that is playable. Made the hammer and then had a higher high today. There are still sellers which can be seen by the long upper shadow today.

NBIX:This has been consolidating and is forming a little triangle. There is a lot of resistance in the upper 63's so be careful. This may end up being a short if the next attack on 64 fails.
GILD: Another one that could go either way. Looks like it bounced off the trendline but there is still plenty of overhead resistance. Worth watching though.
ANF could breakout soon. It is also forming a nice triangle and a larger cup and handle base.

Good Luck,