Sunday, June 18, 2006

Watch List - KLAC, FFIV, GENZ

KLAC looks like it setting up to close its bearish resistance very shortly, so I'm keeping it on my watch list this week.
FFIV has positive divergence after a steep fall. The bullish gap support has been filled and FFIV looks like it could go into a trading range at this level as the ADX line has flattened. I would like to pick this one up on the first higher low.

Since bottoming in mid May, GENZ has made a series of higher lows and closed it bearish gap. The ADX is crossong over and looks poised to start moving up, adding to the bullish momentum from a nicely formed base. I plan to buy as close as possible to the rising trendline.

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