Sunday, May 20, 2007

Some possible plays for next week #1



Ascending triangle generates some nice breakout plays, with proper stops, these breakouts can be very profitable.
ALKS - $17.08, if breaks 17.19, it should quickly goes to 17.44, if 17.44 holds, it can easily goes to 18.25, no resistence in between. If the daily volume is over 1.5 million shares, the breakout will happen.

Support and resistence:








3 comments:

STOCKY Irishman said...

Good Call on ALKS.

Do you have any saved screens for stockfetcher.com?

PennyTrader said...

Stocky, I'll post some more stockfecher stuff. Maybe we can find some good plays. VCLK was on a filter this weekend, the chart didn't look that good when I looked at it, but it popped up huge Monday since the open.

PennyTrader said...

Looks like I cannot attach charts to COMMENTS, will attach the link:

CSUN chart update:

http://charts.dacharts.com/2007-05-22/smallka05.png

RSS Feed from IHUB - BBs Penny Haven