OVTI (Omnivision) - I'm currently bullish on this one

[jlcnuke]

I'm currently bullish on this one. I see them at support now, stop at 14.73. Short term goal at 17.49 longer term goal (1-2 months) 19.78.

http://www.gceenterprises.com/jlcnuke/ovti.jpg

[okrobie]

I would be very cautious on this one jlcnuke, as I have pulled the weekly chart and it shows a very clear Elliott Wave pattern of a 5 wave impulse. This means that it is due for a correction. My support levels are at 12 and 10. My Elliott wave counts are not always correct, but I'm pretty sure of this one because it is confirmed by a 5 wave pattern in wave 3.

http://www.thewebplace.com/images/ovti.jpg