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Sunday, September 07, 2008 

Stock Picks and Trade Ideas for the week ahead - EWBC, RAMR, YHOO, MI

Chart courtesy of stockcharts ( click to enlarge )

MI "Marshall & llsley Corp". Watching for an ascending triangle breakout.

Chart courtesy of stockcharts ( click to enlarge )

Yahoo appears to be trading within a falling wedge pattern, keep an eye on the downtrend line resistance as this is what will be the first step to a bounce and reversal.

Chart courtesy of stockcharts ( click to enlarge )

RAMR has been very active this month and has appreciated nicely. The recent earning announcement the company reported net income of $126.3 million compared to $9.1 million of the same period last year. Another important data is the insider tradings which have been all buys this year. Looking at the daily chart, the stock is now pulling back to digest its gains and test support from its 200-day moving average. The near-term outlook would be bullish if the stock holds above $2.19. Stay tuned on it.

Chart courtesy of stockcharts ( click to enlarge )

EWBC is developing an Inverted Head and Shoulders pattern, which many traders consider a bullish reversal pattern. We need to breakthrough the neckline before this pattern is complete. From the daily chart above it is still showing buy signal with stock trading above 20 day and 50 day moving averages with MACD on top of signal line and K line on top of D line.

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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