Sunday, November 05, 2006

Technical Trade Ideas - Techwell, Inc. (Public, NASDAQ:TWLL), SanDisk Corporation (Public, NASDAQ:SNDK)

TWLL was a high volume gapper on Friday after reporting earnings Thursday night. See the perfect dummy setup in mid-afternoon on the chart below. Could be a momentum play with no resistance once $17.00 is taken out.

SNDK is coming into notable support at $45.65. Look for a potential reversal to setup.

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