Charts to Watch

Posted by downtowntrader | 4/06/2006 10:56:00 PM | 0 comments »

I don't have much time tonight so I will just post some charts.

Bulls defended a gap down today by completing a bullish engulfing pattern in IIP. Long wick may show some resistance above, but IIP is technically over the significant resistance in this range. IIP is up about 38% since first recommended here.
XTRX has consolidated a little bit here and looks ready to roll.
PLXS is out of the triangle already.
RMBS had a nice move today as was one of my better daytrades today. It looks like it will follow through after a strong close.
EGY looks ready to make a new 52 week high.
CMC may be ready to resume the uptrend.
GG hit an all time high today and if Gold can close over 600 watch out.
PAL may be ready to clear this base and break to new highs.
JDSU had a strong close today and held support in the high 3's.
If CMED can push back over 30 then I think the bottom will be put in here with a triple bottom.
BOOM kept chuggin along the trendline and finally cleared it while making an all time high.
SBUX was looking like it may provide an entry here, but was trading near the 52 week high AH. Keep it on watch tomorrow.

That's it for tonight,

DT

0 comments