Posts Tagged ‘fas’

NFLX, BRCM, CLF, SYNA, FAS (17.02)

February 15th, 2009

[[nflx]] – fade the move up. Start entering short 38.50-40.00. Stop 41.00. Targets ~33.00/27.00-29.00
[[brcm]] – short 18.00-18.50. Stop 19.20. Targets 16.00/14.00
[[clf]] – short 27.50-28.50. Stop 31.50. Targets 21.00/15.00
[[syna]] – fade the move up. Short 26.00-27.00. Stop 28.00. Targets 23.00/21.00

fas1

[[fas]] is trading in tandem with the market. So, if we have that last push upside, the target would be ~10.00, which is a great R/R shorting area. Another scenario is that we dip below 7.50 during the coming week. Then, I would be looking for 4-5$ at least.

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Posted in Potential Setups

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FAS (9.02)

February 8th, 2009

[[FAS]] is a great trading vehicle for those, who are looking for the biggest bang for a buck.

Here is how you can play it next couple of weeks.

fas

There is a clear double bottom on the daily, with an ultimate target at ~18.00-20.00.

fas-d

Looks like Whycoff to me. A dip below support and then a quick reversal. Even though I have chosen 9.50-9.80 as a buying area, it is only valid for a couple of days, as if the market desides to go much higher, like beyond 12$, it won’t pull back that low.

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Posted in Market Overview, Potential Setups

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