Looking at VIV again

[Goods]

Brazil phone stock. Looking at the 3 yr chart shows it sitting at the bottom of an almost picture perfect upward channel since Nov '06.

Following this pattern gives about a $2 upside. Probably a stop under 5. The only thing I don't care for is the last peak at the beginning of May wasn't very strong for that type of move.

I'd love to get this as close to 5 as possible but I think I'll start a position now and add on if it drops a little more.

[Goods]

I put in a limit order for 5.25 this morning but it didn't quite get there. I'm not buying anything off this run today into Monday. Wouldn't be surprised to see -300 Monday the way this market's running.
See if it dips before I pick some up.

[whodi]

You have some strong resistance at 6, you have the 50 and 200 EMA coming together. Will most likely get smacked down or can see a nice run on a break from it. Will be watching. As it gets closer to 6, will be watching the volume and then load up for a break. Will wait to see.