ROVI confirmed breakout

[Stocks4life]

confirmed breakout but could use a little more volume

BREAKOUT CONFIRMED breakout above 21.78, no resistance in area just above.
Type: Continuation breakout from single resistance.
Target: 24.25, 10.8% Stop: 20.99, Loss: 4.1%, Profit/Loss ratio: 2.6 : 1 - Good

source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=ROVI

 

[TenCent]

nice chart, but volumen is declining - and in the weekly chart, BIG resistence ahead

http://stockcharts.com/h-sc/ui?http://stockcharts.com/h-sc/ui?s=ROVI&p=W&b=5&g=0&id=p53326315049

slowstoch overbought in the weekly - I would not take this trade

 

[Stocks4life]

It may fight through it, wait and see if regains high it will be stronger.

 

[Stocks4life]

slow and steady move, not your typical breakout