enna: I can share some TA for BRCM and EMC, but I don't make recommendations to buy or sell.
BRCM is right about at resistance near 260, and has been turned away twice, but if volume/OBV is strong, it could break out above resistance. Some traders buy break outs. As far as getting it cheaper, if it does not take out 260 very soon, it may indeed fall back, how much depends in part on if the Nasdaq falls back significantly. Also, watch the daily volume/OBV to see if it weakens, which is usually bearish.
EMC looks very strong on the daily charts, as it has made a series of new highs, in a very strong up trend channel. I don't own it, but if I did, I would not sell this unless the Nasdaq falls apart or if it has island gap, exhaustion gaps (which takes 3-4 days of huge gap days), or I would sell partially if outside day to downside.
Above is not a recommendation to buy or sell, just what I would do if I owned it now. Remember, on a longer term basis, both issues appear to be fundamentally very strong to me. Always do your own research before trading. |
