Wednesday, January 23, 2008

XLNX Ready to Move


I found a nice looking Bull Flag today. Hard to do with the majority of stock charts so beaten down lately. After posting decent earnings, XLNX has made this flag that needs maybe one or two more days. If it works out 21.75 to 22 may be a good place to jump in. The stock does seem to be a slow mover but with this great volume you may be able to secure a large position if you have the guts. Short term resistance will be somewhere around 23. If it can break through then 24 is within striking distance. Look at the increasing volume the past 3 days. That's very positive.

No comments: