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Saturday, September 22, 2007 

Top picks for next week - Yahoo, Google, Bidu, Amazon

Chart courtesy of stockcharts

The hottest stock of the market right now is BIDU, look at the chart WOW just amazing. Stock breakout again on Friday to all time highs at $285.00. After the upgrade stock don't STOP!!! The stock is now in a Strong Bullish Market as chart show and with K line on top over D line we may should see the stock head to $300 mark soon.

Chart courtesy of stockcharts

YHOO made what it was suppose to do, as I have mentioned here several times. Now, may find some resistance to breakout this level, however it will be a short period of time, a break should occur very soon. Looking at the daily chart, stock has been on rally recently as K line has been rising above D line. Now that MACD is back above 0 and stock is above both 20 day and 50 day moving average we should see more upside coming. Resistance at $26.13

Chart courtesy of stockcharts

Google Inc.'s stock reached a new high Friday at $560.79, reflecting Wall Street's confidence in the Internet search leader as it introduces new ways for advertisers. Looking at the daily chart of Google, stock is showing tremenous strength with KD rising and MACD high above 0. In addition both 50 day and 200 day are both rising showing the stock would be in bull market for a while. I won't be surprised if a profit taking appear during next week, due to the Overbought conditions already reached.

Chart courtesy of stockcharts

AMZN shares have broken out to all time highs over this week, making consecutives new highs. Stock is in a tremendous Bullish moment, with all indicators showing strength to move up, its 50 day and 200 day moving average are going up while MACD is above 0 and K line is on top of D line. This is one of the best stock for a Bullish Market.

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 43 year old Independent Trader using proprietary technical analysis with more than 18 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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