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Tuesday, August 14, 2007 

Top pick for Tuesday- CBAK " China Bak Battery "

Chart courtesy of stockcharts

Shares of China Bak Battery will be in focus tomorrow morning after company said after the bell that signed a letter of intent with Hewlett-Packard Co. to supply lithium ion battery cells. Shares of CBAK rose 28% in after-hours. It is expected to open gap up and breakout the resistance at $4.99. Keep an eye on CBAK.

Chart courtesy of stockcharts

ABX found support at 20 dma and should bounce here, so keep an eye on Barrick Gold for a possible breakout over $35.

Chart courtesy of stockcharts

CROX finally rebound from recent losses. The trend still intact however take a look for a possible breakdown below $50. At the present time MACD is negative.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical example.

That's All. Have a great evening !!!

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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