Trade Ideas for Tuesday - PMCS, LDK, RMBS, SOHU
Chart courtesy of stockcharts ( click to enlarge )SOHU - The stock has broken out to all time highs during today session, after the Chinese Internet portal operator reported a strong first quarter and forecast second-quarter revenue above analyst projections. At the present level she's incredibly extended. I'm very bullish on this stock, but in situations like this, I prefer to wait for a pull back rather than chase the market. Technically the stock is still in a very strong bull market with MACD on top of signal line and 50 day moving average on top of 200 day moving average.
Chart courtesy of stockcharts ( click to enlarge )RMBS - $22 has been a good support for Rambus over the past days as highlighted in white. If support breaks expect a move to its 50-day moving average at $20.57.
Chart courtesy of stockcharts ( click to enlarge )LDK - From the chart above, we can see that the stock has found a nice support around the $30 level. The stock is probably back to uptrend and with KD rising we could see possible rally coming for the stock. Let's keep an eye on her as i think momentum will pick up.
PMCS - The stock is in overbought territory from a technical standpoint, however it does not mean the stock won't still go up, but a pull back is needed. KD is showing some weakness as K line is below D line. A good entry point should be around $7.50.
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
