Power-One, Inc. (PWER)

[stocktrader001]

ok. today is last trading day in september. depending on how we close today, the new monthly/weekly cnadlestick will start under/above or at the moving avreges. overall i think we will break down theese in the longterm.
its not easy to predict where the bounce will come, easpecially with a stock like this. i am also not an expert.

what we know is, PWER has been a good earnings play in the past. next earnings release will be Oct. 28.
with that pinch setup and decreasing short position, i think its worth a follow in the month of october.
http://biz.yahoo.com/research/earncal/p/pwer.html

current low is 4.54$ and we are trading right at it. the monthly switch this weekend is risky imo with the weekly/monthly MACD going into the red.

this is what i see and i would not feel save to buy in over the weekend. :) i am going to wait even if i should miss a bounce. we might see this pinch set up getting tighter next week or so...lets see aswell what eod brings. yesterday there was nice buying...

gl and thank for the charts.

stocky :)