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Tuesday, February 10, 2009 

Stock Picks and Trade Ideas for Wednesday - ENER, AKAM, Q

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

Q - Looking at the daily technical chart the indicators are looking better for the stock. With K line back above D line and stock back above 50 day MA we may see some rally coming. The bulls need to push prices above 3.52 again to start making some progress. A failure to take out this level in the next sessions is outright bearish and suggesting a test of key support at the 3.12 level.

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

AKAM - This stock is holding up nicely above the key support of $16.75 in this weak market environment. If this level holds, the stock can move up to 19.12.

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

ENER - Contrary to expectations, the stock ruled weak and recorded a net decline of 0.81 cents for the day. The recent fall has not affected the positive outlook expressed yesterday. The short-term trend remains bullish and the stock appears to be headed towards the target zone at 30.77. The technical chart shows the stock is currently in the rally as MACD is above 0 and K line is rising on top of D line, both indicate buy signal. Shareholders may remain invested with a stop- loss at 25.04.

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 Folks. See you tomorrow !!!

AC

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This is just good article, thank you mate.

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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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