$ACAD Weekly Chart – This was the biggest winner from yesterday’s setup. I think it is very extended here, so I will focus on how it will react once it touches the 8.98 price, which correspont to the 50% Fibonacci Level. I think it pulls back to 7.00.
$ANAC Daily Chart – Gaping above the 50% fib level. Very extended in my opinion. I don’t think it can hold the 5.10 level if testes.
$BBRY Daily Chart – Still have potential to reach the 17.72 target, but looks like it will make people wait. Again the 15.52 level is the danger zone.
$DRYS Daily Chart – Held well yesterday’s sell off, and at no time it crossed the 2.01 level which represents pretty much the launch pad level on a Fibonacci Chart. Poised to run, specially if the market is healthy.
$GLUU Daily Chart – Closed just .01 from the 38.2% Fibonacci level, and today gaping up. If 3.33 is tested and holds, I may take this long for a run back up to 3.75+.
$MU 6 Days Chart – 10 dollars is the current price target, specially with today’s gap up move. If the market is really good, then it can continue to move higher, otherwise it will be a nice short.
$YHOO Weekly chart – Slowly moving higher. Still not presenting any real sign of weakness.
$ZNGA Daily Chart – I am still waiting for that move towards 3.72. I wstill believe it will test 3.10 before.
