Wednesday, April 13, 2011

Three Recent Leaders Nearing Support



I’m gathering a list of stocks that would be good long term buys, where one could buy some leaps or call options with the goal of holding them for a longer period of time. Basically these are recent leaders that have gotten smashed on the daily chart, but the weekly has held up. Bullish in the sense that no long term trend lines have been violated, �remain above previous bases, and the weekly RSI has trended between 40-80 level.

Use the support zones I’ve drawn in blue as a rough guide as I think that is likely where they will find support.


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