ANAD and DBTK consolidating…. for Breakout?
Sunday, May 4th, 2008Heading 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.
DBTK - Simlar chart to ANAD, watching for the same pattern, $15 breakout and $14.50 breakdown.



