Stock Picks and Trade Ideas for Thursday - AAPL, RIMM, GS
Chart courtesy of www.stockcharts.com ( click to enlarge )GS had a volatile movement today. The stock attempted to push higher, topped at 93.50 before whipsawed to the downside, bottomed at 87.30 and closed at 89.92. On the daily chart we can see that the stock is now challenge the trend line resistance. I still have a bullish probability due to the fact that the daily chart trend is still bullish but the current trend needs to be violated and confirmed first. 98.66 should be the major resistance as it reflects the bullish resistance line. Remember that if 81.90 ( 50 dma ) is violated to the downside we will have a fresh bearish trading condition.
Chart courtesy of www.stockcharts.com ( click to enlarge )RIMM - Good base building around 37. The stock is still in a weak market with MACD still below 0. If the stock can hold the support at $37.19 we may see another short rally to 43.50. With K line still on top of D line, the rally might start soon, depending on the markets mood.
Chart courtesy of www.stockcharts.com ( click to enlarge )AAPL - The stock failed to continued it’s bearish scenario today. The stock topped at 92.92 and closed at 91.16. On the daily chart we can see the short term bearish trend line has been violated to the upside. The bias is now bullish in nearest term but remains neutral in medium term. With KD rising we could see possible rally coming for the stock. Let's keep an eye on AAPL as i think momentum will pick up.
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
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
