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Sunday, April 29, 2007 

Stocks : AMZN , SNDK , LFL , CREE , MET

Chart courtesy of stockcharts

Shares of Sandisk fell more than 3% closing at after reported Thrusday a quarterly loss on as prices for its main products fell. Looking at the chart stock has had a nice run over the past few days and again stoped at the major resistance 45$, the big wall for SNDK. I'll be Bullish in this stock if breakout this area.

Chart courtesy of stockcharts

AMZN still hot, but after today session it seems to me that profit taking started, is just my opinion.

Chart courtesy of stockcharts

LFL stock has been doing well this year, making new highs, next week keep an eye on LFL for a possible breakout over 76$. I will be watching it closely.

Chart courtesy of stockcharts

CREE stock has been doing well since the start of April, this week broke out an important resistance at 19$ followed by volume, so keep CREE in your watchlist.

Chart courtesy of stockcharts

Next week keep an eye on MET for a possible breakout over 66.25$.

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 !!!


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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 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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