ELOS - Potential bounce - yesterday's action resulted in a bullish engulfing reversal pattern. Waiting to see how it opens because I don't like too much overlap in the real candlestick bodies.
BRCM - Gapped up in early trade this morning following a favourable Cramer mention last night but that's not the main reason that it's on my watch list this morning. It has just carved out three white candlestick soldiers which usually implies further strength. Next level of resistance is $55.00, following which we have blue skys until the $72.00 area. For sure we need to consolidate in the $55.00 area before moving forward, but this is a stock that I'm keeping on my radar.
ENER - Carved out a bearish engulfing pattern yesterday at an area of resistance. However, after the close a contract with Ford was announced which gave the stock an after market bounce. Could be good for a day trade.
No comments:
Post a Comment