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Saturday, April 15, 2006 

AMD , Microsoft , JDSU , Crude Oil



AMD fall sharply on Thursday after reported earningson Wednesday after the market close.
The company posted 38 cents first quarter EPS vs. a 4-cent loss on a 71% sales rise (excluding the company's Memory Products business). AMD, forecast a second-quarter sales "flat to slightly down" from the $1.33 billion it posted in the most recent quarter.

According to chart above we can see that AMD still trading below the MM50 and closed on thursday below the $32 important support, on volume that was more than triple the stock's daily average, so after break this level the next supports only appear near the $30.
Short and Medium term : Bearish
Long term : Bullish MM200 at 28
Supports : 30.70 Resistance : 32.25



 

According to chart above we can see that the volume decrease in the last weeks , so keep attention if we break the uptrend ( green line ) started on January.
Support : 26.72 Resistances : 27.24



JDSU sill trading near of the bottom of the trend, be carefull if we break it, because we'll see some selling pressure. Fullstochastisc shows some potential upside, but MACD and RSI still bearish.
Supports : 3.58 Resistance : 3.79



As I have mentioned in the last post this week was really a key week for crude, because the red line was broken, and now the crude Oil will test again the historic level done on September after the hurricanes.

That's All. Have a Great Easter.

AC

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Desde já muito obrigado pela pegada deixada no meu blog, a qual espero retribuir, sem deixar de dizer, no entanto, que o teu blog já era uma das minhas consultas habituais, continua as tuas análises sempre oportunas e esplícitas e obrigado.

http://www.corretordebolsacorrupto.blogspot.com/

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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