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BOLT - Acting exactly as anticipated so far for those playing it off scan. It did test $24, made it to $23.99, close enough. Watching here for any topping motion, I’m not convinced its a short yet I’d like to see it confirm a downtrend by failing to break $24 throughout the day and heading under $23.70s. If you were to guess that its the top you’re only asking to get squeezed - if it continues to consolidate as it has this afternoon at these high levels, it’s bullish sign and can take on previous highs. I will have more on this later tonight since I expect it to be in play for another day or two before seeing a $1-$1.50 correction based on today’s results.

From last night:

BOLT Bolt Technology Corporation - broke out of consolidation today, $22 breaks it still has room to run, look back to last April, it can hold its gains for multiple days before giving them back, so I’m watching for a spike on the long side followed by a correction of at least $1-1.50 if it test $23-24.

TIV broke through the $7 mark! This has room to run towards $9, but may want to consolidate around the $7 level since the previous resistance may act as support from here on out.

From Last Night:

TIV Tri Vy Corp - volume picked up today, $7 is the key break. If you look at the chart start in February follow it through until this month and you’ll notice $7 has proved to be the resistance point.

Tags: BOLT, TIV

This entry was posted on Tuesday, June 17th, 2008 at 1:49 pm and is filed under Plays, Recaps. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.