Saturday, February 19, 2011

thought on 02192011

All of these stocks are momentum play. Let us see their performance on Tuesday next week. I bet they will be up at least in the first half hour trading.

1. RRR: in upper trend. on 15m chart bend nicely and almost touch 9MA on 60m chart. look to long if price is over 13.90.

2. NCS: nice breakout on Friday. Even though it is thin, it can be a good trade. Target is 15.80, which is the high in April 2010.

3. HS: nice breakout. Target is 38.

4. LNN : Bollinger squeze in 15m chart. long over 77.80.

5. AHS: nice Bollinger squeze in 15m chart. Watch the direction!

6. UXG: falling wedge, look for break out. Long over 7.50. The most likely trade I can see today.

7. NPD: chinese drug stock. nice pattern in 15m chart. and clear break out from January high.

8. OPXT: open on fire. will break out 3.84 zone. Look for some high intraday then short.

---------------------------------------------------------- Short play.
9. TSO: Break down. down trend following 9MA. Short it. Then look for opportunity to buy it in dip.

10. HOC:

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