Technical Analysis Day Trading Opportunities: CMOS, EXAR

EXAR is forming a great looking ascending triangle pattern currently that broke out briefly near the close of the session today though came back just under the breakout point at the close. I only filled a 1/4 position in this at 8.38 as i’m not sure of the continuation of this pattern yet. But if it follows through it should result in a decent upside move near 9 – 9.50 IMO.

exar

CMOS has been trading in a horizontal trading channel for the past several weeks showing signs of stabilization after a big move for the bears. If price breaks out from the 1.50 pivot point on increased volume its very likely that price action could make a go at filling the gap resistance around 2.10. Profit target range is around 1.90 – 2.10 . I want to be long CMOS if price breaks the 1.50 resistance area.

CMOS

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