Stock Chart Analysis GSOL

Global Sources Ltd. (Bermuda) (Public, NASDAQ:GSOL)

GSOL has been consolidating above a recent breakout and pivot resistance from over 2 years ago. It is closing in on all time highs and could cause a nice short squeeze if it makes a run. The recent action could be called a breakout of a cup and handle base, followed by a consolidation. It may pull back a little further, but it looks pretty bullish overall.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis RACK

Rackable Systems, Inc. (Public, NASDAQ:RACK)

I highlighted RACK before as a stock possibly finding a bottom. It attempted a breakaway gap but ended up coming back to fill it. It has been trading on declining volume and narrow range days as it consolidates. It is now at it's rising 20 day sma and it might use it as support. If tech stocks move, then RACK may attempt rally.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis SSRI

Silver Standard Resources Inc. (USA) (Public, NASDAQ:SSRI)

SSRI is giving us a pretty good clue as where institutions are stepping up to buy. Look at the consistent buying in the mid 30's as SSRI consolidates. This is one of the few precious metal stocks to remain unscathed by the past few months correction in miners. This can be a tricky trade at times, but it looks like it is close to breaking out of this triangle.

Good Trading,

Joey

for more analysis, check out downtowntrader.com

I don't have time to post my usual charts tonight due to Fathers Day stuff going on. I'm not too crazy about chasing stocks here as I posted on the other blog. A few that I'm keeping a close eye on this week are GSOL, GROW, PHRM, SNDK, GRA, ASTI and LMRA.

Good Trading,

Joey