Stock to watch tomorrow - JASO, GOOG, CF,INTC
Chart courtesy of stockchartsINTC - The stock down sharply in after hours trade on Instinet (-14%), well below the close at $22.69 on the New York Stock Exchange, because the results fell short of Wall Street's expectations. Revenues came in lower than expected. Looking at the daily chart, and following investor reaction in after-hours and I only need to point out that there is no miracles for tomorrow action on stock, I’m looking for a gap down at the open below $21.
Chart courtesy of stockchartsCF - This stock is sitting right around the 20 dma. This stock has some support around the $110 range.
Looking at the daily chart, Google is currently trading in a descending triangle, which is a bearish formation that usually forms during a downtrend as a continuation pattern. To believe in a possible reversal trend, the stock needs to sustain above $622 to keep the long-term outlook positive.
JASO has pulled back after recent rally, and is setting up for a test of the bottom of channel. MACD and RSI still losing some ground, so we must wait for a confirmation of support before enter long here.
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
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
