Stock Picks and Trade Ideas for Friday - RFMD, JAVA, JOYG, NVDA
Chart courtesy of stockcharts ( click to enlarge )NVDA broke out of an important consolidation area with excellent volume and will likely have the attention of the swing-traders in the next days. The technical daily chart shows new rally has begun as K line has crossed on top of D line and price broke through the major resistance. This new rally should at least push the stock to $27.10.
Chart courtesy of stockcharts ( click to enlarge )JOYG has one of the more "stable" charts out there, probably one of the better longs if the market gets going again. The stock is setting up to break-out again at $80.30.
JAVA - It looks like it is starting to turn. The stock is setting up to break to the upside, which could occur very soon. I'm using the yesterday high of $13.53 as resistance for this move. I suspect that this triangle will be broken to the upside.
Very good strength on RFMD, watch for a move towards and over $4.
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
Labels: JAVA, JOYG, NVDA, RFMD
