MCHP was profiled in last night's watch list as a buy. It held its steep trendline on the open and again during lunch, presenting day traders two buying opportunities.
BRCM is trading on an intraday accelerated trendline. However, it is coming into a pivot point resistance level at $35.00. If it fails to break through, wait until it pulls back to the original trendline for a potential long entry.Obviously long-term trendlines on higher timeframes are much more meaningful than intrday trendlines as we saw today with AAPL. But if you have trouble picking your entry points, intraday trendlines can be very useful.
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