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Posts Tagged ‘Consolidation’

ANAD and DBTK consolidating…. for Breakout?

Sunday, May 4th, 2008

Heading back to this strategy the following have jumped on my radar:

Consolidation and potential breakout watch ANAD and DBTK

ANAD - has been holding all gains since its gap last week, looking for consolidation between $11-$11.50 with breakout/breakdown above/blow those areas. What does that mean? Breakout at $11.50 (on the break) and if it falls under $11, this may be a good short back down to $9.75-10 range.
ANAD

DBTK - Simlar chart to ANAD, watching for the same pattern, $15 breakout and $14.50 breakdown.
DBTK



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