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Sunday, August 26, 2007 

Trade Ideas to analyze before Monday - GOOG, AAPL

Chart courtesy of stockcharts

GOOG has been a monster stock since it went public a couple of years ago. The stock has come down since its highs on January. According to the chart above it looks like it is finding a big resistance to break 50 daily moving average. It’s clear on chart that stock is moving in a downtrend channel, however during this week Bullish MACD crossover, so keep an eye on GOOG for a posible breakout over $521.30.

Chart courtesy of stockcharts

AAPL
- Bullish MACD crossover during this week, so keep an eye on Apple for a possible breakout over $137.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a nice weekend !!!

AC

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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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