CAMARO’s Watchlist for 3/21/14
S - Woke up today out of its tight pattern and still looks good for our 10.00 target. The next area of resistance is at 9.30-9.38 level so I would think we stall there tomorrow but probably breaks through that next week. Good volume on todays breakout as well which is great to see. S has had a couple different multi-day/week runs over the last year or so & this I think is the 1st of the next run.
AAPL - Last week I did a study on AAPL on how it typically performs on fridays and that study illustrated that AAPL tends to be red on fridays. Whether its due to end of the week selling or due to pinning or just by chance the numbers dont lie. AAPL over the last year has been red on fridays 65% of the time. So tomorrow if AAPL is red again I am going to use it as a buying opportunity to buy more April calls because I strongly believe AAPL is due for a breakout in the near future. Watch my video on why I think AAPL is ready to breakout here. – I am currently long AAPL using options & plan on adding more tomorrow.
IBM - Looking to enter a swing long position as I believe IBM is going to break a longer term downtrend tomorrow & could see a rally next week up to 194-195. Probably gonna play with the next week 190x calls & April 195x calls. To see my chart on IBM click here http://tos.mx/ckBmpt
NVLX - nice reversal candle off the bottom support level in this falling wedge. Looking for a test of the top of the wedge up around .40c & maybe next week it can break above that and give another momo move. I had a position on it earlier today but didn’t have the patience to hold it.
PLUG - In a descending triangle if you look at 5day 15min chart you’ll see it pretty obvious.Tomorrow we should be able to see if PLUG either breaks down or breaks higher from this pattern. Watch these levels. Resistance at 6.20 & support at 5.82. Which ever level breaks 1st should indicate where the rest of the days action will be
TTDZ - Big reversal bar today and closed on the highs . looks good for follow through tomorrow & into next week would think that recent highs at .018c get taken out . Needs to hold above .0125c going forward.
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