2007 Watchlist: ONNN

On Semiconductor is beautifully positioned to move higher. This is one of the stocks to watch out for in 2007. The high volume breakout above the long term trendline is an indicator and so is the OBV.

Vonage (VG): Time to buy?

Vonage's IPO was a disaster. Whoever had invested during IPO and still holding it are under water. Current technical analysis may provide some relief. VG seems to be attracting buyers at $6.5 level. Recently it moved above the declining trendline and above the 50 DMA on strong volume. Other factors that are in favor of a move higher is OBV reading and RSI divergence. If someone is considering getting involved in this stock, a potential buy point will be $7.31 with a target of $9.00

Good Luck

Amkor Technologies (AMKR): Potential buy point before a possible big run

Presented above is a 8 month chart of AMKR. This stock has more than doubled in about 2 months from <$5 in October to > $10 in December. Now, that is a big move in a short duration. Given the history of prior resistance in the $10.5 area, AMKR is experiencing a pull back. I am expecting (expectations need not come true) a pull back to the gap-up point of $8.25. If you notice the blue line drawn in the chart, there is a history of support at this level. This area also coincides with the 200 DMA. All this makes the $8.25 area a more important reflux point.

Assuming it moves up from the $8.25 area, one can make a case for a inverted head and shoulder pattern. but it is too early to say anything. I am letting readers know about this so that one can get involved in AMKR based on one's own analysis.

Good Luck.

Emdeon Corp (HLTH): Bullish Technical Analysis

Observing the stock's action since 2000 and the way it has shaped up so far, it paints a compelling bullish picture. HLTH has been facing resistance at $12.50 since 2003. Since then it has attempted to cross this barrier in-vain but the frequency with which it is reaching the mark with very limited downside movement provides a bullish stance. Looks like the stock is ready to make its big move. Notice that the volume has picked up in recent weeks.

A buy above the resistance of $12.50 on increaseing volume would be safe. Initial target can be $16.

Affimetrix (AFFX): Bullish Flag

Affimetrix is consolidating just below the 200 DMA as resistance and maintaining a position above the gap that was formed during late october. This is a bullish consolidation pattern after the big upside on high volume. A move above $25.50 and close above the 200 DMA on high volume will confirm the trend. Keep this on your watchlist.

Level 3 Communication (LVLT): Chart Analysis

LVLT seems to have formed an inverted head and shoulder (bullish) pattern. The stock is maintaining $6.00 as resistance. A break above this level will take it to higher highs. I have mentioned that LVLT has a potential to move higher when this was at $5.25. Check out this post for details.