Monday, January 4, 2010

Charts I Will Be Watching Tomorrow

After going through my scans, these are the stocks I will be focusing on tomorrow. I tried to enter RINO after-hours but not all my order was filled - small position anyway.

GRPE, SEED, DAN, RINO
AMKR, UAUA, DAL, CEU
All charts from Telechart, Courtesy of Worden Brothers, Inc.

3 comments:

Anonymous said...

Hi Mac,
Thanks for the charts.
I entered RINO today at 28.1 and also RDN around 8.1. Would appreciate your comments on them, if and when you have something to say.

Thanks.
PA

Mac said...

RDN looked real good midway through the session but didn't close well. I am in MTG so will be watching closely. RINO is kind of a hunch - might run soon just cause the other China stocks are - did get in after hours. If it falls below $27 I am likely out.

Anonymous said...

Mac:
Yes, I agree RDN's close was rather discouraging, but I had gotten in on the climb up in the morning. Given that it has a short ratio of 33% acc to Yahoo Finance, I think it might not be done though -- another push up is needed to squeeze out the shorts, if not, this thing might fall hard too when shorts reclaim it.

RINO, yes the chart looked good and hence I entered, will have to watch carefully and take partial profits if need be. Lower than 26.7 (50dma) means I take loss and move on.

Cheers,
PA