--Financial Tools ---Futures Market---ADD HERE LINK-- OPTION ALERTS --BENZINGA--

« Home | German crash-lands car on church roof » | Stocks to watch next week - JPM, GOOG, CIEN » | Trade Ideas for Friday - JDSU and DRYS » | List of companies may benefit from Barack Obama’s ... » | Hot Breakout stocks to watch tomorrow - EPIQ, IDCC... » | Trade Ideas for Wednesday - CPO, GOOG, ZION » | Financial markets are not casinos, but sometimes a... » | Historic fall may signal a rally in the stock mark... » | Trades Ideas for the week ahead - LMNX, RIMM, TRN » | AC Investor Blog - This week's visits and Page Vie... » 

Monday, January 26, 2009 

Trade Ideas for Tuesday - STX, VOLC, ZIGO

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

VOLC - Looking at the technical daily chart the stock is clearly in short-term downtrend. There are no signs of a recovery in stock price. The average daily trading volume needs to exceed 500.000 of shares. If a stock trades too thinly, chart analysis doesn't help much, because there just are not that many traders involved. One big buy or sell order can move the stock in ways that chart analysis just cannot predict. At the present moment, there is a risk of a drop. Stop-loss for long positions may be placed at 12.89. On the upside, a close above 13.70 would impart bullish momentum.

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

ZIGO - Looking at the daily chart the stock has broken all medium term supports, and appears weak. On the upper side, immediate resistance is at 6. The next resistance is at 6.50 ( 50 dma ), and long position should be taken only above that level.

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

STX has recovered from its earlier low of 2.98. The current rally should at least push the stock to 3.67 per share where the major resistance is. The stock needs to close above this level to indicate a continuation of the rally off this month’s low. If this rally fails, there’s downside risk to support around 3.

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

Labels: , ,

Bookmark and Share

Contact

About Me

    Photobucket
  • 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.

  • Benzinga.com supporter

    Stockal supporter

    Benzinga.com supporter



    FREE NEWSLETTER

      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal

    Advertising

      Interested in advertising on AC Investor Blog ? Click Here

    RECOMMENDED



    TRANSLATOR

    Site Information

    Stock Market Blogroll

    Friends BLOGROLL

    ARCHIVES

Powered by Blogger
and Blogger Templates


Add to Google