Sunday, September 20, 2009

Watchlist the next few days

MGI - One of my favorite charts. Chart is slowly becoming parabolic, and most of the lower resistances have been cleared. A strong upward move may be in store very soon, if the parabolic trend continues.


FIG - Another interesting chart. We have broken into the established 'bear' channel (green), and should be able to touch the top of that channel in a few weeks, at least around $7. the $5.50 level has been broken recently, which should encourage more buyers to come in. Additionally, the rising wedge should result in an upward breakout.



KKD - A giant flag can be seen, but nested inside is a smaller flag that looks like it may breakout very soon. Daily trading volume is light, but be on watch for a strong move.


Other misc charts for my own reference
FBN


GAP


AVNR


CRGN

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