$ARNA Daily Chart – Not a bad setup, it does need to cross above the 8.23 which is the 50% Fibonacci level.
$BBRY 2 Day Chart – Wow sometimes I hate to be right. I got so much heat about 2 to 3 weeks ago when I started to short this stock after it did not break above 15.52 which represented the 50% Fibonacci level. Well yesterday it touched the lower level at 13.33 and bounced. Today is doing a small gap. That 13.33 needs to be defended in order for this stock to bounce. If it doesn’t, then the next target is 10.60 which represents two level. The 23.6% Fibonacci Level, and the 200ma.
$DRTX 15 Min Chart – This stock is desperatelly trying to make a come back. I drew the Fibonacci lines on a 15 min chart which represents a very short term trade. More like do or die. If this stock wants my atention it better cross 7.62 which is the 23.6% Fibonacci level also known as the launch pad.
$NFLX 2 Day Chart – Looks like it wants to re-test the top Fibonacci level at 179.06. I would not chase it here, I would just wait to see if it can do it, if not, I would short it as it fails the 20ma and the 9ema on a 5 min chart.
$ZNGA Daily Chart – The 20ma on a daily chart is the only thing holding this name. That is not enough for me. I think it dropsfill that ugly gap, and then we can seriously start talking about it.
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