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Wednesday, November 05, 2008 

Stock Picks and Trade Ideas for Thursday - TSFL, AAPL, NGS

Chart courtesy of www.stockcharts.com ( click to enlarge )

NGS - The stock faces resistance a strong resistance at the $15.03-$15.79 range and enjoys a strong support at $11.91. Exposures may be trimmed if the stock gets closer to the resistance zone and fails to close above it. Evidence of support at the $13.82-$14 range may be used to buy the stock with a stop-loss at $13.06. The outlook expressed a couple of days ago is still valid. The recent price action has not negated the possibility of a rally to the $17.49-$19 range. This view would be invalidated only on a close below the 20 day moving average currently at $11.91.

Chart courtesy of www.stockcharts.com ( click to enlarge )

AAPL - A move past $112.19 would be a strong indicator of a further uptrend in the stock. On the other hand, a decline below the $100.75 level would indicate further weakness in the stock.
Shareholders may remain invested with a stop-loss at $100.

Chart courtesy of www.stockcharts.com ( click to enlarge )

TSFL - The stock price broke out from the horizontal resistance on strong volume. This momentum could push TFS Financial Corporation shares much higher from here.

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 !!!


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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 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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