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Monday, July 14, 2008 

Stock Picks and Trade Ideas for Tuesday - JAVA, AAPL, APOL, MRVL

Chart courtesy of stockcharts ( click to enlarge )

MRVL formed a falling price channel correction over the last two weeks and a move above $16.20 would be bullish. The technical chart shows possibility of new rally as the stock bounced up after dropping back to 200 day moving average. In addition K line has just crossed on top over D line showing buy signal as ROC is at oversold level. Stay tuned on her.

Chart courtesy of stockcharts ( click to enlarge )

APOL rallied early in July and then consolidated. Watch $56 up and $52 down. Important note to consider : K line is falling below D line, generally a bearish signal.

Chart courtesy of stockcharts ( click to enlarge )

AAPL - Buy the stock only when it moves beyond the resistance level of $180.26 on a close basis ( 50-day moving average ).

Chart courtesy of stockcharts ( click to enlarge )

JAVA - Daily chart above shows that it is still to early to say that the downtrend has ended. According to the technical chart, shares of Sun Microsystems have been trading below both 50 day and 200 day moving average, a very bearish sign. Negative MACD also indicates that the stock is a sell. Please beware of the KD line which is now at 14 and could signal a buy when it begins to rise.

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. See you Tomorrow !!!

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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