PAY based around $14.50 (nice round number) between yesterday and most of the day today. A breakout occurred on large volume only to come right back down to where it started. My first reaction is "uh-oh, fake-out!" However, price didn't fail, rather it found support only to continue higher.
With this in mind, consider potential in AMCC for tomorrow's session. On the Daily chart the issue broke-out while today's session landed it right where it started from. That's not to say it WILL go up tomorrow, but you'll know right away whether it has support at that previous resistance level.
Other setups for tomorrow include;
EXH; it's a bit stretched out, but that's what ends up squeezing shorts.
AMKR; basing at $7.50. Today's session was an nr7 (purple candle) closing at the highs of the year.
GD; similar story as the one above. Basing under $64 with ever tighter range contraction. Also, the H&S stands out strongly.
INFA; bull flag at highs not seen since 2001.
PCS and LEAP stand out at me as possible short-covering plays. LEAP may see $25?
and PCS to $12?
FACT; high tight flag
ditto FLIR
don't count out ENER yet
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