As I stated in the first part of the series, " I have decided to stick with stocks from the technology sector. And not surprisingly, there are a lot of bullish setups out there, as one would expect from a market that has now consolidated for four days. The important levels are marked on the charts itself and I recommend an entry only after these levels are crossed as the markets are at crucial levels and one has to be aware of the possibility of this being another failed shot to break through the top of the range. Well, here is the first part of probably three part series of stocks that I like for next week. Take your pick!" Also, how about taking a moment off your time and taking part in the poll to the right. The bulls seem to be having their way until now. Have your say!
KEM - Gotta like the bullish volume pattern. Nice bounce off MA(50) on Friday. Watch out for a break from the trading range of last four sessions. A stop below MA(50) should do the trick.
In case you missed it, here is the link to part 1 of the watchlist. I will be back with the last part of the series, Chart of the Day and my thoughts on what to expect next week.
Take care and good luck!