http://stockcharts.com/freecharts/gallery.html?amba
Ambarella got whacked by earnings and outlook as we know. It fell and stopped EXACTLY at the closing low from black Monday and held support at the 200dma. Interesting. This is what I was looking for, but I wanted it to be pulled down by a bad market, not by a bad outlook, so I am still contemplating a buy.
http://stockcharts.com/freecharts/gallery.html?anet
ANET did much like AMBA, almost down to the black Monday close AND held support at the 200dma. I am a little more interested in buying this than AMBA at this point.
http://stockcharts.com/freecharts/gallery.html?casy
CASY holding very strong, a good sign of institutional support. At this point why would there be a big sell off. Probably a good buy
http://stockcharts.com/freecharts/gallery.html?abmd
AMBD also holding well.
http://stockcharts.com/freecharts/gallery.html?bofi
BOFI not showing a willingness to hold of the short sellers. Held 50dma for awhile but then sliced through on strong volume, a sign of weakness.
http://stockcharts.com/freecharts/gallery.html?inbk
INBK fell to the 50dma on black Monday and held, has been crawling along the trend line since and is up 3.64% at the moment. This is a good sign of strength.
http://stockcharts.com/freecharts/gallery.html?sedg
SEDG had a flash crash on black Monday but finished up for the day and has held up nicely since. Hmmm, nice.
http://stockcharts.com/freecharts/gallery.html?payc
PAYC bounced back nice on Black Monday (BM) and has been stable since…
http://stockcharts.com/freecharts/gallery.html?infn
INFN bounced off the 200dma on BM and has looked strong since. Has not made it back over the 50dma.
http://stockcharts.com/freecharts/gallery.html?sncr
SNCR is creaping along it BM lows, not looking too good at the moment.
http://stockcharts.com/freecharts/gallery.html?swks
SWKS got a nice bounce on BM and has held strong since. I can’t imagine we will get another shot at the short-lived BM lows.
All these are “Saul Holdings”, so meet the criteria everyone on this board is lookiing for, so how to decide which to buy in this big dip? Do the charts add a tiny bit of information? Maybe. Do they show the stocks that are still strong? yes! So maybe spread your money around between some crashers like AMBA and BOFI and some strong stocks like CASY, INBK, PAYC. Just a thought.
The full list…
http://stockcharts.com/freecharts/candleglance.html?INFN,SED…
http://stockcharts.com/freecharts/candleglance.html?SWKS,BOF…