Avago Technologies - a Singapore based company in semiconductor sector which is part of Nasdaq Composite, SMH & XSD (ETFs) has enjoyed a nice bull run since Nov 2009. This week, it has broke through the upper uptrend channel with a big bullish bar but without any evidence of volume conviction. It might shoot higher but the reversal will be hurtful i suppose.
The rise of cloud computing increases demand for data centers and the servers and chips needed to run them
Bullish flag, looking to get long on either a test of support @ 41.83 OR a break thru the upper trendline
long setup. watch for breakout from ascending triangle resistance
4 FEB intraday perspective: held for a while around .34 but dropped out in last hour. Possible selling climax 5 FEB?