Saturday, December 12, 2009

IDEAS

These two are still intact:

TSTC had a nice base from middle of November,needs a slight rest.As long as it holds 14 area breakout looks to be intact still.Anything below that would be time to re-evaluate any trade in it.A base between 15-17 would be ideal,with a close eye on any break above 18,which could lead to a higher price of at least 23.50.

CAAS resting here also basing after a nice run,20.00 to 22.50 area to watch,could pullback to 18 and still be one to watch,anything below 16 and trade over,on the long side anyway.Looking for CAAS to trade a tight range for a few days should see another pop.

New Ideas:

AMSC with a hold above 38.62 and a break thru 40.00 could see higher around 43 to 47 areas.It must hold 37.75 for now,a base between 38 and 40 looks to be happening for now,looks primed in next few days.Any failure thru 35 area and trade over for this one.

CENX just broke out on the daily at 12.00 level.Thru 13 with some punch looks like it can see 15 then 17 possibly.Might need to base soon,see if it can hold this breakout at 12 for now.Watch AA also if that goes thru 15 this one should follow,should being key.

APWR revisiting the 18 level.Monthly fib retracement is 17.44.Now have a weekly close above that level for the second time.Thru 18 should get some continuation,take note the resistance at 19 on the monthly.Want to see 17.44 hold strongly then daily highs of 18.70.Next target around 21.00. Below 16 again,and this one might be done for awhile.

FSIN is off the radar for now unless it ever gets above 10.00

Rating these plays from A-D:

TSTC A+
CAAS A+
AMSC B
CENX A
APWR B
FSIN D

Sunday, December 6, 2009

IDEAS

TSTC had a nice base from middle of November,needs a slight rest.As long as it holds 14 area breakout looks to be intact still.Anything below that would be time to re-evaluate any trade in it.A base between 15-17 would be ideal,with a close eye on any break above 18,which could lead to a higher price of at least 23.50.

CAAS resting here also basing after a nice run,20.00 to 22.50 area to watch,could pullback to 18 and still be one to watch,anything below 16 and trade over,on the long side anyway.Looking for CAAS to trade a tight range for a few days should see another pop.

FSIN basing a little above 8.50ish needs to clear 9.00,9.50,then 10.00 with some punch could see 12.00 at least then 15 possibly if markets stay strong.

PNC worth a shot here with a 53 hold maybe for a bounce back to 54.30 to 55.00,but keep in mind a retest of 50.60 also in the cards if 53 cant hold.If totall failure comes into play 48 area most likely next.