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Thursday, October 18, 2007 

Trade Ideas for Friday - SU , RIMM , T , YHOO

Chart courtesy of stockcharts

This still looks pretty good on the daily chart with volume expanding as it moves higher, MACD crossover too. YHOO continues to look bullish and had a decent day today.

Chart courtesy of stockcharts

Suncor Energy traded to a new 52 week high and while it's a little extended on the daily chart, reaching overbought condtions. Chart looks pretty good !!!

Chart courtesy of stockcharts

Looks like T confirmed support at the breakout area.

Chart courtesy of stockcharts

RIMM looks like it will finally clear resistance here. Tomorrow could be the day !! Keep an eye on Research in Motion.

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 evening !!!

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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