Saturday, February 12, 2011

thought on 02122011

1. CSL: huge volume b/o on Feb 7th. Now nice pullback forming a bull flag. Look for 41.10 to long at the base; or long at 43 waiting for another breakout very soon.

2. EMN: nice squeeze in bollinger bands. But do not like the action before the close on Friday. It set at the 20MA in 15m chart. Watch for 94.20 to breakout.

3. MXIM: nice breakout from a falling wedge. band squeeze. anticipate a little drop on Monday morning to 26.50 then go up again.

4. ITMN: Watch closely on Monday/ Tuesday to break out on high volumn. watch 39 zone.

5. JAZZ: Watch for 23.20 to long for break out.

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