Saturday, June 27, 2009

WATCH LIST FOR JUNE 29 - JULY3 2009



Pinchers to Watch -
NCS-HANS-WNR-ABIO-ANCI-XIDE-LNG-SUSQ
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BIDU -
Looks like BIDU is making a run at a new recent high again. If it breaks 310.25 with a Volume Spurt it will be a Buy.
I believe it is in the midst of forming the Handle of the Cup and will consolidate for a little while before making another run.
With The Chinese Government Hassling Google as of Late this could make for a Very Interesting Trade
Keep a close eye on it.

FUQI -
Appears to be in a consolidation phase and has yet to retest it's 52 week high.
It appears FUQI may have formed a shabby double-bottom.
Indicators have taken a turn for the worse.
FUQI is NOT A BUY unless it breaks a New 52 Week High on Higher Volume.
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CPST -
If the House Passes the Clean Energy Bill CPST Could Make for a Great Trade.
Keep It On Your Watch List.