If AFFX can hold the LT trend resistance (now support) line, it will likely retest the 5.50 pivot pt, after that my target is 7.08, the 1.618 fib level. Also, gaps were left at 7.87, 6.37, 5.57 on the way down.
Great risk/reward setup for BBRY here as it seems to have found a floor at it's .768 fib level (9.08). Enter when she starts making higher lows, or breaks out on volume. You could take a small position down here, then scale in once it breaches the gap, and start scaling out when it hits major fib levels. I'd set a trailing stop once it starts moving, shorts have...
OMX weekly chart has formed a cup and handle, a b/o at 11.66 on volume would set up an appealing risk/reward with well defined fibonacci levels to scale in and out of the trade.
FLWS shows strong linear correlation in a uptrend. After pulling back it has regained it's trend line of support. I have a price target of 8.23 by Aug 16, the friday before they report earnings. Set a trailing stop below the trend line.
