NVIDIA Corporation (NASDAQ:NVDA) The bias still bullish in nearest term testing 13 area but remains neutral and no clear direction in medium term. Only a clear break above the 200-day EMA could confirm the bullish scenario. With %K line back above %D line and stock back above 50-day EMA, we may see some rally coming. Positive RSI is confirming the upside movement.
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With the Dendreon Corporation (NASDAQ:DNDN) holding above its rising 9 / 13 / 20 EMAs, I expect further upside. The stock may expect some resistence at $6.84 per share, the 200-day EMA.
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Facebook Inc (NASDAQ:FB) made a very significant move yesterday breaking out from the horizontal resistance mark around $32.21 on heavy volume in the face of a weak market. This breakout suggests a possible move to $35.
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Research In Motion Limited (NASDAQ:RIMM) broke down its support yesterday on increased volume and selling pressure making this stock appear that it could easily be sent down to its next support level around $15. Only the break of the prior support now resistance confirmed by a daily closing will support higher levels. The indicators of the daily chart are starting to turn down, suggesting further possible pressure. Only a strong closing again above yesterday’s top could change this scenario.
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