2 replies to this topic

[ogm]

AMAT looks pretty strong. Holding up very well in this carnage.
TSL gave up a lot of gains and came back to big support in what looks like a falling bullish wedge formation.

I'm long both and was adding more TSL today again, but the only thing that worries me here is that crappy momentum setup.

Otherwise, if the price holds up and the market perks up, they both look good. Long term, I'm not worried about either of them.

Edited by ogm, 26 July 2007 - 08:01 PM.

[frenchpj]

AMAT looks pretty strong. Holding up very well in this carnage.
TSL gave up a lot of gains and came back to big support in what looks like a falling bullish wedge formation.

I'm long both and was adding more TSL today again, but the only thing that worries me here is that crappy momentum setup.

Otherwise, if the price holds up and the market perks up, they both look good. Long term, I'm not worried about either of them.

I really like TSL too. I'm waiting to add to my position when it corrects some more around its .618 retracement level.

http://stockcharts.c...4822&r=1359.png

[JAP]

Now those are some busy charts! I don't know about AMAT. It might pop a little bit tomorrow, but my daily and weekly charts are showing overbought conditions.