Here is the third and final part of analysis of reader requests. Here are the links to Part 1 and Part 2. I hope these charts have been of some help to you readers.
CSTR - Not only an ugly move on Friday, but moreover, also an ugly close. Next support at 38.28 and wouldn't be surprise to see it get tested.
FCS - The regular readers of this blog know that I have liked this setup for some time now. It was in fact, even Chart of the Day recently. It is setting up nicely for another move up. Also works as buy on dips until MA(20) is breached.
COF - Impressive and important move on Friday. The close over 47.71 was important. Looks a tad extended and would love to see a pullback to this level. One to watch out for financial continue to perform well.
ZN - Wouldn't touch it as a long play until it breaks 4.54. The questions is why go bottom fishing when there are so many stocks doing well and setting up nicely out there. Seems to be putting in a bottom but would have to see how it deals with MA(20).
TRW - A promising set up in a good sector. On breakout watch. Expect to see a strong move in this in the next couple of days. Like it more as a momentum trade rather than a swing trade due to the distance of the price from MA(20), which this stock has a habit of testing.
MIPS - Buy on a pullback close to lower trendline which is also supported by MA(20) or also on break of upper trendline. Like the way it has been behaving since the breakout in October. More upside in this one.
RST - Like the higher lows being put in this one and watch out for a break of the upper trendline. But there are better plays than this out there and the gap resistance is always going to be a tough nut to crack.
Take care and good luck!
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