Technical Bounce - Last Thursday CKFR fell into its 200 day MA on the weekly timeframe and started to reverse. Friday it gapped up on an upgrade and this resulted in a morning star reversal pattern. Look for continued upside and a preliminary target in the $37.50 - 38.00 area.
3 comments:
Nice call on CKFR (and STP jumped today too).
What are your feeling on NVDA, OVTI, and CHS at this point?
NVDA got an upgrade today but sold off a good chunk from its morning's pop. It heading to $30 in the next couple of weeks?
OVTI has been battered pretty bad and the analysts like to kick it around. It has a verly lower P/E and they report earnings on Thursday.
CHS has also dropped quite a bit and it looks like its ripe for a buy.
Thanks, Jamie.
Hey monkeydust, welcome back.
I'll do a post on OVTI and CHS later tonight. NVDA got hit with some profit taking at $28.00, a key resistance area. Lots of support at $25.00. If the NAZ and SOX remain strong going into the fall, NVDA should be a key player to the upside.
Yeah, I got hit hard on the profit taking on NVDA today. The ask to bid ratio was brutal today.
Thanks.
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