I'm having a go at drawing channels on the daily charts for FTEK, GROW, RATE and SIRF and I must say even with my newbie channel technique, RATE really looks the most promising followed by FTEK.
RATE is in a nice up channel on both daily and weekly charts. It's about midway on the daily and whether it will actually traverse down to form a point 3 remains to be seen.
FTEK is also in a up channel on the daily and the weekly. Having said that, it is in the upper portion of the weekly channel, so a retrace back to the RTL would not be unexpected. On the daily, whilst the main channel is still up, the short term channel is down. I'm a little confused as my channeling has resulted in a symmetrical pennant formation?!
GROW is in a down channel in both the daily and weekly charts. Not too promising.
SIRF is actually sitting quite nicely in an upward channel in the weekly chart. It's also in an up channel on the daily and appears to be forming a point 3. I must admit to being a little uncomfortable with the daily channel as it was initiated by the large gap up at the beginning of Feb.
Anyway that's my attempt at (over?)analysing. I'll try to attach the pics if I can work out how it's done.
Cheers