Stocks to watch on Monday - PMCS, Citigroup, Goldman Sachs, CPHD, LDK,
Chart courtesy of stockchartsGoldman Sachs - The previous support level at $200 for GS stock is now its resistance level. Will the resistance be broken next week ? Maybe.......depending of markets mood. The technical daily chart shows weakness as the stock is trading below major moving averages. In addition MACD is below 0 showing the stock is in bear market. One possible positive indicator is KD where K line still on top over D line. If the stock can go up a few more days it will be back to bull market. So, stay tuned on her for a possible breakout over $200.
LDK - Stock has a big resistance range at $40-$40.50, which is where we need it to break to make a big move. I will continue to watch the stock on Monday.
Chart courtesy of stockchartsStock has risen strongly since November, and it has formed a nice uptrend channel. Currently share price is in the middle of the channel. Support is at $29 and resistance at $33.36. A break below the channel at $29 will be very negative but looks like an unlikely situation, so I expect prices to continue rising.
Currently Citigroup is testing the downtrend line from early October but did not get through. Entry long would be on the day it blows through its downtrend line on heavy volume. A short position here has a low risk with a stop above downtrend line.
PMCS - The stock found resistance at $5.70 for the third time this month, closing near its lows for the day. A test of previous lows at $4.61, is now an open scenario.
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
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
Labels: Citigroup, CPHD, Goldman Sachs, LDK, PMCS
