Below are charts of ADSK, AMT, AQNT, BRCM, FLSH, GMR, HAR, SIRF and TXN. All of a sudden there are a lot of good looking long setups out there. Given the condition of the major indices they may just be good for quick trades though. As always, we’ll see…
Broadcom Corp in final run
Trader Mike who specializes in day trading has several good spots today. I picked up BRCM to study it a bit more closely. The bounce off the 50 day moving average was there for the asking. But as Mike warns
Broadcom Corp in final run
Trader Mike who specializes in day trading has several good spots today. I picked up BRCM to study it a bit more closely. The bounce off the 50 day moving average was there for the asking. But as Mike warns
Mike,
I had little to no idea what the charts really meant. I also had no idea what charts were best to watch. You have truly opened my eyes.
I have also ‘Spotlighted’ your blog, and this post, on my ReciprocityBlog.com…
Great insight.
J Christian Connett, CPM
Glad I could help… and thanks for the spotlight.
Good picks!
Thanks. Too bad I had to be away today. I really wanted FLSH today.
Interesting you brought up BEBE Mike. Bounced off nicely off support at $15. I know that you are a day trader Mike, but do you ever take into consideration the longer term trend or are you purely there for the quick in and out type trades? BEBE has runup nicely for the best part of 2 years now, and the recent sell down may be the beginning of a longer term down trend for BEBE. However, the weekly stochastic is getting closer to a buy signal. What are your thoughts here on BEBE?
Thanks