enrty point / resistance levels
(at or under)

ARGT 1.08 / 1.50
BLSI .94 / 1.25 and 1.60
SALD 1.75 / 2.2 and 2.5
PDSG 1.75 / 2.3
FUEL 1.75 / 2.4

-Greg

any input is appreciated...

I am wary of PDSG - I suspect it may consolidate for some time here, and trade sideways in a narrow range.

What do you think of CBTE (pennant formation) and RBAK (oversold)?

PDSG

I see the converging of the 60week and 120week sma lines. These are the solid lines and will converge in 2-3 days.

Here is the catch.
Action takes place during the convergence of major trendlines. But will price go up or down?

This could go either way. I do however think that it will break to the upside. I have reasons why:

-240 week sma is flattening indicating a bottom is present.

-Institutional buying is up 23% (59,000)

-This pennant being formed is in the upper trading range of the last 2 years. This is a bullish sign.

So why the entry price @ 1.75?
I think an interday shakeout could take place to rid this stock of weak hands. However don't count on it I just have a hunch.

I must show you this red flag:
Over 5 mil for insiders was sold into the march 12 rally.
http://finance.yahoo.com/q/it?s=CBTE

This does not mean that you will not make money it just means to have your stops set for this swing trade. A target of $8.00 is very reasonable. I try to stay away from stocks that have had to much public attention.

RBAK -
This one is hard to make any technical conclusions about because it is so new. Every click is uncharted territory. It is hard to tell where it will bottom out. Even the RSI is not that accurate because it only show 4 months on the 1yr chart.

Thanks for the info!