Following stocks are showing technical weakness based on various formations.Please check FA & news.Please limit your loss by using stop.
FRE,XLNX,SWY,ACN,RIGL,PCS,CLX,TTM,OVTI,BLK,LWSN,CMS,
VDSI,PGR,HDNG,LEAP,AHL,SQNM,NTCT,NTRS.
TSX (Toronto Stock Exchange)
ET,MT,BCM,ATD.B,FAP,RBA,WN,WFT,MXX.
BLOG does NOT give buy or sell.
Saleem
Why is ovti weak? Do you think it's a good short? It reports February 28.
ReplyDeleteWhy is ovti weak? Do you think it's a good short? It reports February 28.
ReplyDeleteHi Hugh,
ReplyDeleteTechnical picture IS pretty WEAK on OVTI...
It is known as "continuation diamond bearish"
Chart is suggesting a price of $4???
Please do your own due diligence as charts are NOT 100% accurate all the time....
So...manage your risk accordingly.
Saleem
OVTI has more than 4$ in cash, I dont see the price drop that low
ReplyDeleteHi Shi,
ReplyDeleteThanks for your take on OVTI.
I use 70% FA & then 30% TA.....
As I said TA is based on past history & FA is based on future potential....
That is why due diligence is extremely important.
I have not followed FA on OVTI for 3 yrs ....that is when I had OVTI.
Good luck on OVTI.
Saleem