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Technology Stocks : Anaren Microwave

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To: robert b furman who wrote (118)9/25/2009 7:09:19 AM
From: robert b furman  Read Replies (1) of 137
 
Anaren is completing a symmetrical triangle.

The breakout (whichever way it goes),is imminent.

The first break out which was to the downside was on heavier volume (Often a headfake and indicating buying support).

One thing for sure looking at ity on a daily chart - we are running out of time.

stockcharts.com

This is a great "add to" spot - but if a further break down occurs - it must be on heavy volume to the downside if light volume - beware.

Heavy volume on the upside is very good.

Good earnings will perhaps be the catalyst.

Bob
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