Stock Picks and Trade Ideas for Tuesday - NTRI, FSLR, HLF, AAPL
AAPL - Chart is printing a strong Bullish movement after stock has broken the key resistance area of $155. The technical chart shows the stock has just entered into a bull market as the stock is on top of 50 day and 200 day moving average. In additon, MACD also shows buy as MACD is on top of signal line. This chart is clearly telling us that the place to be in AAPL is on the long side, however you should be prepared for the possibility of a pullback to test the breakout line. I expect a continuation of the upward movement.
Chart courtesy of stockcharts ( click to enlarge )HLF - It looks like a possible head and shoulders formation but for the pattern to be complete, the HLF would have to make a close below $46. If the stock closes above its upper resistance trendline ( white mark on chart ) then the possible formation will be negated, and we should see a rally to its 52-week high. Stay tuned on her.
Chart courtesy of stockcharts ( click to enlarge )FSLR - I would like to point out another stock to you which may have potential for a good return. The chart above is First Solar which has been consolidating for a while after a good uptrend. It is now at the top of the range and any break above $300 would signal more buying.
NTRI - The stock is in a breakout mode, which was instigated with the move above $19.90. To invalidate the breakout we need to see it trade below $19.90. So far we are holding very well above this area. This stock should fill the gap somewhere around the $23 range, within a week or so.
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 great day !!!
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 great day !!!
AC
