Some Trade Ideas for Monday - BOOM , FFIV , GME , JDSU
Chart courtesy of stockchartsJDSU is moving within a negatively inclined channel since May of 2006. At the moment, it is testing the upper trend line but failed again a possible break, this is a resistance area. MACD and RSI are increasing but I’m not confidence now, buying on resistance does not fit my trading method.
Chart courtesy of stockchartsGME - The breakout to the upside has failed and prices entered again the trading range. Technically speaking, weakness is ahead in the short-term, I suppose.
Chart courtesy of stockchartsAfter last week sell-off FFIV is developing a rebound, however it will find a big resistance to crossover 200 dma at $75.
BOOM have found support today at 20 dma and retested without sucess previous breakout area now support closing below this level, so Monday stock should confirm this possible false breakout or not.
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 weekend !!!
AC
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