Watch List - BRCM, CERN, NEW, CKFR, EBAY

BRCM took too long to consolidate and eventually rolled over falling out of its bearish flag. Support levels are indicated by the blue lines.

CERN is taking too long to consolidate. Looks like it could fall to the downside on further weakness.

NEW looks like a potential H&S top in the making. We just need a right shoulder. Buy on a confirmed break of $46.06. The swing target is the upper blue line on the chart above.



Check out the daily and 15 minute charts of CKFR for a potential three day consolidation breakout pattern. The 15 minute view shows a nice base over the last three days. Looking for a break of $50.40 with a swing target back up to the broken trendline between $53-$54.00.





EBAY has also been consolidating for three days and if volume can be trusted, it looks like it wants to go higher from here. Buy on a break of $30 or a pullback to intrady support. The swing target is $32 or the declining 20 day EMA, and the prelim. target is $31.