Saturday, August 12, 2006

Watch List for Week of 8/14

Potential plays for this week, found using this search and the NASDAQ Guru Analysis page --

Bullish:
  • AZN, SAY - potential upcoming support bounces. Not sure if 30-DMA or rising trendline is better as support.
Bearish:
  • TDW - in horizontal trading channel ($42-$50) with retracement level at $46.50; MACD and 14,5 stochastics declining => potential resistance bounce.
  • EBAY - strong downtrend; bearish engulfing candle on 8/11 with volume at resistance; MACD declining => potential resistance bounce.
  • DPZ - downtrend; doji candle on 8/11 with weak volume at resistance; MACD and 14,5 stochastics declining => potential resistance bounce.
  • TOL - downtrend; strong volume on bounce down from resistance; MACD and stochastics declining with break through 30-day MA (=> 3 red arrows) => bounce already confirmed, and still has 10% move remaining before support.
  • BC - downtrend; bouncing off 30-day MA; MACD and stochastics declining

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