Hi Rashid,
I think we've been sitting in the same classroom - what you describe is what I've been doing with charts in this market for a while now. Agree with you on TQNT target and JNPR possibility. MEDC might stop a touch higher, but the old volume is in the mid 17's.
One not too high volume stock to take a look at is SONO. Like my MOVI study, I have worked up a trading plan for it, unfortunately (for me) it went thru the first 2 pivot buy points (19 and 22) while I was on vacation and I've been waiting (vainly) for another good entry, currently I'd like to see 24.75-25. Upside is in mid 30's with safe exit about 32.5.
News we can use (from Briefing.com):
Tech Conferences : Among the names presenting tomorrow at the Salomon Smith Barney Tech Industry Conference are AOL, AAPL, LXK, GOTO, XLNX, QLGC, MSFT, BRCM, AETH, MUSE, CMVT... On the schedule at the SG Cowen Fall Technology are ONIS, AMCC, FDRY, NVLS, VRTS, CSCO, EXTR, and TELM, among others... See Briefing.com
Still short BRCD (almost 4 points to the good), waiting for reentries (long or short) on several more. Missed that pop over 27 by QLGC as I was watching BRCD and trying to decide to cover or not. CNXT didn't hit my long buy point by a quarter. Probably just as well as I still think it will be back below 11 soon. AMCC so close to April low, put in a good lizard on volume - again we'll see what tomorrow brings.
Peace and Justice --- Patrick |
