Stocks to watch next week - BUCY, GOOG, RIMM, CNXT, RMBS, BIDU
BIDU continues to trade below its broken support line and below its 200-day moving average, leading us to believe that it may still have some downside ahead. However there is a hope for Bulls, stochastics are showing high oversold conditions, which may bring some buyers back.
Chart courtesy of stockchartsRambus shares have dropped recently after earnings report to previous levels before Bloomberg news. I have to admit that I had a good opportunity to sell and enter long again, but I'm not worry with this company, the current earnings report was not good and I have to confess that revenue also disappointment me, however there is something that can blow up this stock soon, the Hynix case. A possible victory in this case, according to experts is likely with 60% of probabilities, so I will keep my long position until the final decision and I promised to myself don't touch them, even knowing the risk that I will assume. I rated this stock in my portfolio with 4 stars medium-risk. Now technically speaking, stock could go either way from here depending on the markets mood. However, looking at the daily chart RMBS is in a neutral zone, suported now by its 20-day moving average. Please don't use my conviction as a recommendation to buy or sell, make your own decision.
Chart courtesy of stockchartsCNXT hasn't broken the support line at $0.56 yet, but it is looking like it will.
Chart courtesy of stockchartsRIMM continues to trade in a tight range between its 200 day-moving averge acting as support and its 20 day-moving average acting as resistance. Stock should have an explosive move to either direction next week, although I think a bullish move is more likely based on Friday session.
Chart courtesy of stockchartsGOOG - Stock starts showing ‘buy' signals again. However after recent decline in share price, a good entry point will be onlye in a break of its $519 on heavy volume. Stay tuned on her.
It looks like BUCY is well positioned to test and take out its December highs. All of the indicators are bullish. Entry point will be on the day when stock breaks above $104.36 on heavy volume. It has a good support at $89.
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: BIDU, Bucy, CNXT, GOOG, RIMM, RMBS
