Allied Capital Corporation (ALD) has created a symmetrical triangle over the last 60 days. Right now the bollinger bands are tightening up, which indicates a breakout will soon happen. After breaking out, ALD should retrace back to either support or resistance depending on whether it breaks north or south; the measured move in ALD is $5. If ALD breaks south it should drop to 19, and if it pushes north it should climb to 29.



ASML Holding N.V. (ADR) (ASML) has created an extremely strong uptrend channel over the last four years. The longer any formation stays in tact the move validity it has; this indicates ASML could be a great candidate to role by shorting into resistance and buying into support.



Andy Swan is co-founder and head trader for DaytradeTeam.com. To get all of Andy's day trading, swing trading, and options trading alerts in real time, subscribe to a one-week, all-inclusive trial membership to DaytradeTeam by clicking here.