Sunday, February 19, 2006

Semiconductors - Strength in LCD Flat Panel Digital Display Developers - TRID and GNSS

After a one month consolidation following a small gap up, TRID resumed its upward move last week. All indicators and oscillators support continued strength.

GNSS had a powerful bullish move on Friday, taking out both resistance and recapturing its rising 200 day SMA on above average volume. The oscillators and indicators support more upside and the ADX has started to point up from an extremely low level (12.1) which usually foreshadows an increase in momentum.

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