( click to enlarge ) OmniVision Technologies, Inc. (NASDAQ:OVTI) - Nice breakout with decent volume, positive MACD. The stock seems to have formed an ascending triangle and broke above resistance at 13.35. The target price for the triangle is 16.5. Along its way up it may encounter resistance at 14.77 and 15.5. The breakout volume is good. Look for a quick run.
( click to enlarge ) Barnes & Noble, Inc. (NYSE:BKS) - Bullish engulfing on daily chart, bought some today. If we see follow-through tomorrow, it might run hard. Technically, the MACD shows deeply oversold and is close to rising up through its moving average, which frequently leads to a rally. Plus, MACD histogram is moving up towards the zero line. A move above 12 could spark a nice short-squeeze. ( click to enlarge ) Oclaro, Inc. (NASDAQ:OCLR) has proven its bullishness. It was able to move past 3.87 resistance level and continued up to as high as 4.10. MACD also followed as well with the movement of the price. Chart tells me its a buy. ( click to enlarge ) FormFactor, Inc. (NASDAQ:FORM) - Put a nice reversal candle today. A strong bounce on 2x the daily avg. Key resistance is now located at $5.47, a break above this level will confirm a new bullish trend, and the following uptrend will take price up to $6 zone. 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. During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time. Other stocks to watch : US Earnings Calendar for Friday, January 20
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