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Omnivision Technology ($OVTI) A Buy Ahead of Mobileye ($MBLY) IPO?

Mobileye ($MBLY) is a much anticipated Initial Public Offering due to come to market later this week. The company is “is the global leader in the design and development of software and related technologies for camera-based Advanced Driver Assistance Systems (“ADAS”) . The company’s technologykeeps passengers safer on the roads, reduces the risks of traffic accidents, saves lives and has the potential to revolutionize the driving experience by enabling autonomous driving.” Boy do I dislike those generic, lawyer written, company descriptions…

SCROLL DOWN FOR THE CHARTS IF YOU ARE ONLY INTERESTED IN THE TRADE SETUP- BUT THE STORY IS IMPORTANT

MBLY is expected to go public this week and due to strong demand for the shares, the IPO range has been increased from $17-19 to $21-23. If MBLY is like other recent IPO’s with strong demand, it should open at a

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Ballard Power ($BLDP) Setting Up

Ballard Power Systems $BLDP is looking like it is capable of making a big move higher and it should be on your radar NOW. The stock has a “band of resistance” between 440 and 452,(see the weekly chart above) once above that level it looks like it could be capable of a move north of 550.

BLDPweek

The resistance is a breater level of significance here because it is also the approximate location of the volume weighted average price (VWAP) YTD. The 130 minute timeframe chart above shows the action of the stock on an intraday basis from the beginning of the year. The purple moving average represents the ongoing volume weighted price. Recently the YTD VWAP has turned the stock back on three occasions (red circles) If

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