( click to enlarge )CTIC had a nice surge a few days ago and has been consolidating that move since then.The stock is displaying upside momentum and is poised to move higher from these levels. Nearest resistance for the stock is at $1.14. If this level is crossed and the stock is able to sustain above this level, then it might go to $1.205. On the downside, the stock has support at $1.055. The stock is currently in a new uptrend.
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TLAB – The downward pressure doesn’t look strong at this level. This observation is obtained base on the daily MACD reading that shows some contradiction with the price movement. Despite weak signal from MACD in the technical daily chart as MACD and signal line are below 0, the technical chart shows this might be a great time to buy the stock as K line has just crossed on top over D line showing buy signal while ROC is still at oversold level. A break above $5.94 would be bullish. Let’s keep an eye on it.
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AOB – Looks like it has found a possible bottom at $3.73. The daily shows a bullish reversal candle. It may possibly head higher from here.
