Fuinhaz Setups for March 7 2013

$ARCP Interesting gap, I would like to see it hold the 13.91 fib level before it takes off to new highs.

$BBRY If it can reach 13.71, that is where I want to see it pushing through. If it can’t take that level, then it will be a short to 12.30. Enough is enough.

$CIEN showing an open on the 16.83 fib level. If it can’t break that this time, it will be a nice short all the way down to 12.34. If it can break then the next target is around 20.50.

$ERIC nice momentum, the big challenge will be at the 13.22 where I think it will fail, and start the process of filling all the lower gaps all the way down to 11.39 and beyond.

$HIMX That pullback almost touched the 3.55 Fibonacci Level, I mentioned on my twitter yesterday, that it was a nice long, and what else can I say, it is popping 25% in pre-market. I am also looking to see it fail around the 5.06 level, where I think there is a short opportunity.

$JDSU Huge gap for this name, just under the 15.46 level, where I think it will fail and give all the gains back and re-test the 13.81 level.

$MLNX This is a tough setup, but I wanted to show you all since it can be a nice opportunity to learn about Fibonacci levels. The pre-market is showing a pop to 53.09. That sits almost in the middle between the 54.60 and 52.13 Fibonacci Levels. I personally think it will pop, drop and test the 52.13 level, it will then hold, and if it can close above that level, then one can have a better chance of a nice follow through in the upcoming days to touch the 54.50 level.

$RVBD I like this setup a lot. Th current launch pad is just above the 15.40 Fibonacci Level. So wait until it crosses, and maybe you will have a nice run to 15.77, may not sound like much now, but this one have enormous potential if one can apply some patience.

$SKUL is my favorite kind of setup, the one where I can scoop from the bottom up. Pre-market showing at 6.80, I would wait for it to pullback to 6.63, and then take it long if it can hold.

$TSEM very similar to $SKUL, but this one is a little bit more challenging. If one takes this kind of setup which will be great once it crosses the 6.58 fibonacci Level, I suggest a 1/3 to 1/2 position. Low volume and low priced stock, means that you have to be extra cautious.