Clearwire (CLWR)
Loving this stock, since a Chart Pattern Manifest user first recommended it back at $5.25. Already up over 47%, we were looking for 700%, so obviously this move cannot be over yet, right?
As of right now (maybe I am reaching) I currently see a bull flag setting up, so hopefully we will see a break above the resistance (top blue line). A break below would signal sell and we will have to find another entry point.
Netflix (NFLX)
The recent run up was solely due to the rumors that Amazon (AMZN) was going to buy Netflix, but that did not happen, as Amazon takes up Zappos. So we can see that Netflix basically just came back down to its actual value pretty quickly.
As long as Netflix can manage to stay above $40 we should be good. A bounce off the 50 SMA (curvy blue line) would be nice.
Back of America (BAC)
Whenever it seems like this stock is going to go lower or higher it suddenly turns around. Quite frankly, I don’t even think the stock knows what it wants to do as it keeps moving up and down within the same trading zone.
Obviously each hitting of a support or resistance would not be nice for its respective meanings. In this case, a possible triple top (with bounce of resistance) would not be good for bulls.
China North East Petroleum Hldng Ltd. (NEP)
Seems to be forming a nice pennant, funnel, or whatever you want to call it. Basically NEP is coiling up and will have to breakout one way. Right now it looks like it will be higher, with a pretty nice price target of $6.25.
