AC Investor trade Ideas for Monday Mar 8
( click to enlarge )THQI broke the horizontal resistance line on strong volume and could eventually rally up to test the October highs. Looking at the technical daily chart the near-term outlook is very positive and a move to the 6.95-7.05 range appears likely. In addition KD also indicate positive momentum.
( click to enlarge )OSIR suffered 3 straight selling days this week with the stock breaking the support at 8.19. Today the stock was up, as well as the Nasdaq. The stock is a candidate for range trading. Price level at 7.50 is now a good support level and may expect a bounce from this current level. Stochastics and RSI are both in the oversold area. Entry at 7.50, sell at 7.94, cutloss at 7.26.
( click to enlarge )GIGM had a very bullish move this week breaking several resistance lines with large volume. The stock went as high as 3.22 and may still continue to move probably reaching up to 3.38. Checking on the indicators, the MACD is above the signal line, which is bullish and the RSI rising above 50. GIGM is displaying upside momentum and is poised to move higher from these levels.
That's all Folks. Have a nice weekend !!!
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 Folks. Have a nice weekend !!!
AC
