( click to enlarge )OCNF is bouncing off lows that were set last week and could be ready to move much higher. Resistance is $1.01, which reflects Monday’s high of the day. Looking at the daily chart, I see a bullish divergence signal as the stock makes lower lows in price, while stochastics climb out of oversold conditions with higher lows. I will watch the stock closely on Tuesday as this stock will move quickly and I want to keep it on our screen throughout the day.
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MPEL looks to have found support at these levels and could make an upside move soon. I’m watching the stock on Tuesday and I’m buyer if the stock can break through Monday’s high of $3.49. If the stock does break resistance, we should see a good short-term bounce.
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OSIR hit resistance again on Monday, but did not break through. This stock is setting up for a nice upside move and I’m going to be there when it occurs. Technically, my model remains long in short-term targeting $8. The Relative Strength Index is moving higher, which is a sign of growing strength in the stock. Also the MACD is giving a positive indication. Keep a very close eye on the stock as it will move quickly once it breaks through resistance.
