Technical Analysis Day Trading Opportunities: 2 Positions Opened Today: SYBD, CMOS

Mar 25, 2008 Day Trading, Technical Analysis

SYBD has been bull listed several times in the past few weeks and finally hit a strong trigger buy price on the breakout of its symmetrical triangle at .75 today where i suggested to go long. This breakout should spark some strong momentum surging price near $1/share where we should look to take our profits.

CMOS is another stock that we bull listed a week or so ago with a trigger buy price of 1.50 on the breakout of resistance. CMOS barely closed above resistance today at 1.51 but the chart looks strong and could easily result in a strong trade as this stock is fairly valued within its industry near 3.50 and technical we could see price run to the gap fill around $2/share.



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	Down from $150!	Down from $550!

` This entry was posted on Tuesday, March 25th, 2008 at 12:21 am and is filed under Day Trading, Technical Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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