Trade Ideas for tomorrow - SOHU,CY,VMW, RFMD
Chart courtesy of stockchartsI was surprised RFMD didn't see green today. The stock hit a 52 week low today of $3.53. At the moment, the RFMD does not seem to be reacting to the recent upgrade from Deutsche Securities, but my supposition is that it is in part due to the turbulence in overall markets. I would keep a close eye on the stock to see whether it bounces from this level. If it starts to move above $3.64 with strong volume, that will be an indication of a bounce. Keep an eye on her.
Chart courtesy of stockchartsLooking at the daily chart, VMware has formed a descending triangle pattern over the last few weeks. If the pattern breaks the support at $71, then you should stay away or play on the short side. But if it trends upwards, which I think is the more likely case, according to the MACD and Full Stochastic indicators, then you should obviously go back into the truck for the ride.
Chart courtesy of stockchartsCY - Major support for stock has been broken. Prices should now retest at least the $23 level.
The short term trend is DOWN.
The short term trend is DOWN.
SOHU - The stock broke below its long term support trendline at $47 accompanied by volume. I expect the stock to move to $37,50 level, within the next weeks.
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 examples.
That's All. Have a nice evening !!!
AC
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 examples.
That's All. Have a nice evening !!!
AC
