Morning All!
Thought I'd put together a quick list of tickers that I like before the opening bell, so without further ado, let's hit the technicals:
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AXL 3 Month, Daily
Classic bull flag w/ low volume distribution pullback - Looking for 5.70 to hold support
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CERS 6 Month, Daily
Developing rounded bottom - Watch for total volume decline and consolidation around 2.07 until the ascending trendline and 20d SMA catch up with the price action
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CHINA 3 Month, Daily
Volume breakout on a two day price pop - the descending trendline is still holding the price in check, but if volume accumulation persists, look for a price breakout as well (5d/10d SMA Cross)
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CIT 6 Month, Daily
Mixed price around the 1.35 price level, total volume decline - Watch for consolidation around 1.35 if volume begins to get choppy (5d/10d SMA Cross w/ fast approaching descending trendline also something to watch)
Ascending triangle price pattern still holding on a pick up in volume accumulation - Watch for the break above the 5.00 price level with momentum (5d/10d SMA Cross & volume accumulation) backing the pop
That's all for now all - Good luck during today's trading session!
ZM



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