Monday, June 27, 2011

A Few Charts


BCRX (long)
 This is a daily chart, it's a nice looking base that looks like it's just entering stage 2 mark up

 BCRX 30 min

 I would set this as a limit trade with a buy order  >$3.90 and a stop around $3.63, of course you could also raise the stop to the $3.90 area, after all, once t breaks out, it should move up, not down.

CAT (short)
 I've posted on CAT several times. The lower red line is the eventual target.

 The 15 min chart is just not holding up well.

 Today's 1 min chart suggests some early weakness tomorrow. Even if CAT were to bounce with the market, I'd keep this on my short list.

CSUN (long)
 This hourly chart looks like CSUN has put together a nice little base to push further north.

 The 15 min chart suggests a pullback...

 The 50 bar m.a. on a 60 min chart, may be a little deep, but if it made it there, I'd certainly be interested in taking a look, otherwise the pullback may not be so deep.

CTDC (long)
 There's some interesting price/volume action recently

 The 60 min chart looks excellent, almost as if it could take off at any moment.

 The 30 min chart looks excellent as well.

NUE (long)
 NUE looks like it wants to bounce off this consolidation, perhaps to shakeout some short, but the move may be worth the ride nonetheless.

 The hourly chart looks excellent considering the price consolidation (usually signals are harder to see in consolidations).
 The 5 min chart shows what appears to be accumulation right at support, every time NUE hits it.

 I would consider a position here if NUE were to break the short term downtrend line around $39.60, a break of $40.40 and NUE should be on it's way to a decent swing trade.

No comments: