Thursday, April 20, 2006

Watch List - NVDA, MRVL, RBAK, LRCX

NVDA is starting to look very bearish. A rounded top, followed by a gap down and now a small bearish flag formation. Watch this one closely.

MRVL trading up in AH trade.

RBAK almost succeeded in breaking out today, but we need more volume.

LRCX is testing its recent highs and could break out anytime, however, its come a long way in just three weeks so it may need to consolidate before making a sustainable move through resistance.

We had a few false breakouts today and these will have to come back into their trendlines before attempting another retest. AKAM is a good example.

MCHX is still on our watch list and it is consolidating nicely in the top portion of yesterday's wide range bar.

Watch BRCM as it had a beat on earnings tonight.

2 comments:

Dave Johnson said...

Check the most recent post on my blog. Guess we ahave a cross market with NVDA. ;)

TJ said...

Hey Dave,

NVDA survived the morning crash of the semis. It looks like it may have one bullish move left before the bears take over. :)