Sunday, May 22, 2011

Mondays Game Plan

Longs: WAG, UAL, ACE, STJ

Breakouts: TJX>53.25, TWC>78.50, ABX<45.00, KO>68.50. AKS<14, VLO<26.00

Shorts: IAG, KLAC, HPQ, SUN, ARUN


Notes:

IAG: (Sat)

TJX: Bounced off of the 50 SMA and previous range. Hourly formed a double bottom and if the 53.25 level is tested that would make it a triple top.

ABX: Pause right at support any breach and hold could accelerate to the downside. Need to observe gold.

HPQ: Gap down and holding with a decending triangle pattern forming.

ACE: (Sat)

STJ: (Sat) Right at support after it was tested. 2 down days with obvious selling in a stock from a strong sector is a saturation play.

No comments:

Post a Comment