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Tuesday, March 31, 2009 

Stocks to watch Tuesday - Yahoo, Powerwave Technologies and Rambus

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

YHOO - It looks like a small bearish rising wedge pattern broken on the Yahoo chart. The pattern seems to have had a downside breakout. The breakout volume in my opinion was not large enough. However, when a validated trendline gets broken, it tends to have some significance. The breakdown put a target of 11.75 in play.

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

PWAV - The stock broke the descending traingle on Friday and has moved decisively to the upside. That’s a powerful sign that high prices are likely to persist. Long positions may be considered on price weakness, with a stop-loss at 0.39.

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

RMBS - The stock is simply telling me that this is a nice healthy pullback after a big run. The trend should resume back up in the very near future. The technical chart is also showing declining volume but stock has a Bullish outlook. I could be wrong, but I did not find a reason for the drop in shares as it did. It was likely a consequence of the negative market environment.

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 later.

AC

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08:00 | |

Monday, March 30, 2009 

AC Investor Blog has a new record of visitors!


On Sunday the 29th March 2009 2.064 people, who made 2.337 clicks, were visiting AC Investor Blog. There is no a specific reason behind this rush of visitors. I’m kind of surprised….. to be frank. I'd just like to say that this site has also set a new record for me, more than 278.000 people have come to this site since was created, and I'd just like to say thanks to all visitors and friends.

AC

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19:32 | |

Saturday, March 28, 2009 

Stocks to watch next week - Rambus, Dendreon Corporation and American Capital Agency

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

AGNC - The technical daily chart shows positive sign as the stock is now above both 50 day and 200 day moving aveage with MACD also back above 0 showing positive sign. The price can head towards the 18-18.39 zone. If this zone is surpassed, getting to 19.50 would be a possibility. Add to your position once there is a close above 18.39.

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

DNDN might face a period of sideways action while it consolidates the gains booked in the last sessions. The stock will face short to medium term resistance at $4.50. Once this level is crossed with good volumes, the stock can go to $5.

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

Over the past week I commented several times, on the mounting of pressure against the $10.79 resistance, which suggested that a potential break will come. The projected target is for another $1.97 to be added to the point of the breakout. Looking at the chart there is an historical resistance level from last December and January at $12.76 and $11.66 respectively, this looks to be a more reasonable projection in the short term to call. A positive view, however, continues in the indicators still giving hopes for a possible breakout. RSI is near the neutral zone but above the 50 level indicating that it is neither overbought nor oversold. +DI is above –DI and ADX is beginning to bottom out. Things to focus on technical chart above is the spike in volume in late February. It marked the end of the slide and beginning of bottoming. By a technical perspective, stock still trading in a Bullish momentum, with share price above its 20 and 50 dma. In addition with MACD still above 0 and ROC at low the stock could be going up at this point. Look for prices to test the resistance levels. Resistance at 10.79, 11.66 and 12.76. Supports at 10.20, 9.92 and 9.61.

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 on Monday.

AC

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05:06 | |

Friday, March 27, 2009 

Most expensive cars in the world

Every year a new dilemmas appears to find out the most expensive car in the world. Even in times of crisis, people love to buy expensive cars not just for driving , but also to show a good status of life. Which makes this business a success. The question of which car is the most expensive in the world could be a bit difficult to answer. You know it !!! In terms of production cars I can pretty easily come up with a factual list. Before we get started, a few notes to remember. There are single or custom cars that may exceed these prices. What you’ll see below are just the most expensive new models you can buy today in quantities of 20 or more. They are luxurious and extremely fast. It’s a very special car for customers who want to take the bespoke experience to a higher level. Surprisingly enough, you won't find Lamborghini, Bentley, Ferrari or Rolls Royce on this list. If your passion for performance and luxury autos cannot be stopped, then it’s time to find out the10 most expensive production cars available on the road today.........

1. Aston Martin One-77. It’s a $2.3 million hand-made coupe from Aston Martin. With a projected weight of 1,500kg the One-77 will occupy soon the very highest echelons of road car performance. Top speed is estimated at 220 mph and 60 mph arrives in 3.5 seconds. Thanks to the purity of a front-engined, rear-drive layout, the responsiveness and immense tractability of a naturally aspirated V12 and the low mass, high-rigidity properties of a carbon fibre chassis, this fabulous car promises a driving experience of unrivalled intensity and excitement while representing the world’s most desirable automotive art form. Aston Martin is building only 77 examples of this car. I want one !!!!

2. Bugatti Veyron. The Bugatti Veyron is the fastest accelerating car reaching 0-60 in 2.5 seconds and claims to be the fastest car with a top speed of 253 mph+. The exotic two-passenger Bugatti Veyron is powered by a four-turbocharged, 8-liter, 16-cylinder engine that creates 1001 horsepower. A complicated 7-speed transmission and AWD system allows the Veyron to control the 1001hp. Its interior is almost completely leather upholstery, save the center console, and its body is fashioned with carbon fiber to offset the weight of the powertrain. Some unique features are a large rear spoiler that tips forward at elevated speeds to act as an air brake and a large interior cabin designed to accommodate six-foot seven-inch drivers. This remarkable car benefits from aeronautical and aerospace technologies, making it the fastest production car ever made. It can cost up to $1.2 million dollars right off the showroom floor if you opt for some designer special editions.

3. The Pagani Zonda is a mid-engined sports car produced by Pagani in Italy. Hard top version priced at $667,000.

4. SSC Ultimate Aero is aiming to be the fastest car in the world for half the price of the Veyron priced at $654,000.

5. LeBlanc Mirabeau is a street legal race car priced at $645,000. Mirabeau is the car from Wysstec GmbH and Leblanc cars. A real piece of art with the spirit of race and prepared to FIA/Le Mans standards. With this kind of potential, the Leblanc Mirabeau really belongs on the racing track. The fact that it is street legal, is almost unbelievable. Swiss supercar builders, Leblanc, designed the Mirabeau to comply with all the FIA / Le Mans Homologation standards to drive the racing version of the LeBlanc Mirabeau at Le Mans. Another remarkable car. This piece of art also can be driven on public roads, is sensational.

6. Saleen S7 Twin Turbo which is a real American 250 mph super exotic priced at $555,000.

7. Koenigsegg CCX Swedish with a top speed of over 250 mph priced at $546,000.

8. Mercedes-Benz SLR McLaren priced at $457,000.

9. Porsche Carrera GT priced at $440,000.

10. Maybach 62 priced at $385,000.

Only the richest of the rich can afford them, we can still dreaming..............

AC

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19:36 | |

Thursday, March 26, 2009 

Hot stocks for Friday - Ciena, Rambus and LDK Solar

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

Greetings everybody! LDK strong enough to say...........and the Bulls are back! We now have further confirmation of the upward move. The stock has broken out of its major resistance line. Conservative target price is 8.47, with a possible of a bigger target price at 10.43. The technical indicators are looking better for the stock. Looks like further upward move for next week.

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

I alerted RMBS as a day trading opportunity. This stock is showing signs of an upcoming breakout as price action and volume and making some bull signals here. Keep an eye on Rambus for a possible breakout over 10.79.

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

CIEN - Today, the stock broke out a short term consolidation pattern on huge volume of over 5 Million shares, indicating some bullish behavior and we could possibly see some continued upside movement. The trend since last week was "buy on dips" and today's move just confirms this fact. The technical chart above shows the stock has just entered into a short-term strong bull market as 20 day moving average has just crossed on top over 50 day moving average. In addition both MACD and KD show buy signal as MACD is above signal line and K line is on top of D line. $9.10 will act as resistance point but if breaks through there could likely be a move of 15%.

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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20:41 | |

 

World blackout on March 28 (Saturday between 8:30pm and 9:30pm)

It’s supposed to be a self-imposed black out this weekend. The event is featured by the World Wildlife Federation as a reminder to the excessive waste of energy of developed societies. It is important that the blackout be performed throughout the world, because the reason for the event has to be done by as many people as possible. All people should turn off all lights, and non-essential appliances. Please give your contribute to developing a better future for all kids.

AC

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17:16 | |

Wednesday, March 25, 2009 

Hot stocks for Thursday - American Italian Pasta, Rambus and Wells Fargo

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

RKH - On Wednesday session, the stock declined initially and found support around $15level. However, subsequently it recovered and rallied 10 percent from the session’s low. The near-term outlook will depend on the price movement in the next few days. A breakout or breakdown may happen soon. I’m more to expect a breakout from this stock because of the following bullish indicators: 1.) MACD crossing above the signal line. 2.) RSI has consistently stayed above the 50 level.3.) with MACD above 0 and K line above D line we should see the stock continue to go up.

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

AIPC - The stock broke resistance today, but was not able to make the expected move. The stock needs to break Wednesday’s high of $34.10 to expect a strong rally at this point.

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

RMBS - The stock is still facing resistance around 10.65. The technical daily chart above is showing bullish bias. MACD is indicating that the current short term price trend is very bullish. In addition, the On Balance Volume is increasing, indicating accumulation of shares in the market. I'm still maintaining the buy rating on Rambus as the technical chart still shows very bullish sign as 20 day moving average is on top over 50 day moving average with MACD above 0. One thing I would like to point out was the unusual options activity in Rambus over the day. If you go out to the April 2009 options expiration contracts, you will see that nearly 9050 contracts have been traded in the APR09 $12 CALLS. One rumor pointed to Hynix, and one to a possible buyout. Stay tuned on Rambus....

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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20:25 | |

 

The richest men in the world 2009

The Forbes magazine has published recently a new a list of the richest men in the world, and one of the big news is the return of Bill Gates on top, he was already on top of this list for several years. The big surprise on this list is also the entry of 38 new faces, and a decrease in the number of millionaires in the last year. It seems that the crisis reduced the number of "billionaires" in the world! Another interesting aspect, which even surprised me, was definitely the entry of the drug trafficker, Joaquin Guzman Loera. Joaquín "El Chapo" Guzmán, as is known, the leader of the Sinaloa cartel, is at position 701 with a fortune estimated at billions of dollars [U.S. $ 1 billion (short scale)]. Find out below a short table with the top 20.

AC

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19:13 | |

 

Hot stocks for Wednesday - Quality Systems and Cliffs Natural Resources

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

CLF - I never thought that stock would break the neckline of a double bottom, but it did with a nice volume. The target price for the double bottom pattern is at 18.37. Double bottoms signals a reversal of the preceding bearish Major Trend. The technical chart continues to show a bullish bias. Next resistance is at 17.68 then followed by 18.37. Correction may happen soon, so for those who would like to get in this stock, this would be a good opportunity.

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

QSII - The stock broke out to a new all-time high today, accompanied by a strong volume suggesting higher levels. QSII has been in a nice uptrend for the last two weeks and it looks very strong with both 50 day and 200 day moving average going up while K line is on top of D line. The stock is now on the overbought level, so this means a possible correction is near. This may give us a chance to jump in on the stock when it moves lower. Watchout for support at 46.25, as long as the stock does not go below this level on its correction phase, we are still safe. QSII is a stock to keep an eye on for awhile.

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.

AC

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08:19 | |

Monday, March 23, 2009 

Stocks to watch next week - Monro Muffler Brake, Clayton Williams Energy and Aflac

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

AFL - Looking at the daily chart it displays a downtrend line broken to the upside with a respectable volume. Other good thing to note about the chart, is the stock price that is now above the trendline connecting the peaks from February which means that the stock is possibly out of the downward trend and RSI is now also on the Bullish area. One way to play this stock is to wait for a pullback to the 17.50 level and buy only when the stock reverses from this support.

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

CWEI - The stock had a good run in last 2 weeks, from the low of 19.37, the stock sky rocketed to 32.11, a 65% increase in price. The stock price also broke above the 20 day moving average accompanied by large volume, a sign that the sky rocketing action has credibility and is not just some result of speculations. I'm not sure if it will reverse here, but it seems like it will at least backoff and retrace to near 27.

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

MNRO broke out to all time highs !! The consolidation and compression that has been going on in the last four months is very healthy. The technical chart shows a bullish bias. The MACD had just cut above its signal line. +DI is above –DI and ADX is beginning to bottom out. While there is a chance that the stock had a false breakout, you still have to favor the underlying trend until it is proven. Nevertheless, keep this on your watchlist because the overall market sentiment on MNRO is pretty bullish.

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 on Monday !!! Have a nice weekend !!!

AC

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05:48 | |

Friday, March 20, 2009 

Solar Stocks to Watch on Friday - LDK Solar, China Sunergy and Canadian Solar

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

CSIQ is another strongly trending stock that is finding resistance in the 50 day MA area at $4.64 . If the nasdaq makes a run, the stock should breakout this resistance. At these levels I prefer wait for the breakout confirmation to see if this movement will continue. Shareholders may remain invested with a stop-loss at $4.

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

CSUN successfully broke the resistance at 1.66 confirming a reversal from the previous downward trend. Target price for the pattern is at $2.50. The breakout also moved past the 20 day moving average. From the technical chart KD line shows positive signals as K line is rising on top over D line, and RSI continue moving up. OBV is beginning to turn around which suggests the stock is no longer being sold off. Stock as a major resistance at $2.46. I suspect the stock may continue to appreciate over the coming weeks.

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

LDK - The recent increase in trading volume and rising OBV suggests buyers are accumulating stock. A breakout above $5 would constitute a technical entry for the short term trader looking for a quick trade.

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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09:19 | |

Wednesday, March 18, 2009 

Stock Picks and Trade Ideas for Thursday - Netflix, Amphenol and Rambus

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

APH looks strong enough to move forward. Today was a good example !!! Looking at the technical chart the stock has been doing very well recently, as K line is on top of D line with MACD on top of signal line. Now that the stock is above 50 day moving average more buyers should be coming. The price can head towards the 29-29.77 zone. If this zone is surpassed, getting to $30.43 would be a possibility.

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

NFLX just broke out of a short consolidation phase. Looking at the technical chart, the stock shows a continuation of the trend with MACD and RSI in Bullish areas. The RSI value is currently above 50 but it has not reached the overbought region. NFLX is now a stock in a Breakout mode.

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

RMBS - In line with my anticipation, the stock gained on Wednesday accompanied with average volumes. The stock confirmed today the reversal when it broke up above the $9.91 level. The MACD had just cut above its signal line. +DI is above –DI and ADX is beginning to bottom out. The stock price is now riding on an upward movement. Technically, I would still buy the stock, and act accordingly and watch now the $12 level. The RSI is not overbought yet, so the way should be clear to higher levels.

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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21:10 | |

Tuesday, March 17, 2009 

Stock Picks and Trade Ideas for Wednesday - Sirius Satelite, Rambus and PetMed Express

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

Rambus is a stock with great potential and with a good looking technical chart. It looks like in the same situation as qualcomm back in 2000. The new XDR memory architecture recently announced by Rambus sounds very promising. The Rambus XDR™ memory architecture is a total memory system solution that achieves an order of magnitude higher performance than today's standard memories while utilizing the fewest ICs. Perfect for computer and consumer electronics applications. Honestly, the stock potential for success is far greater than the downside. There is significant risk but the upside shadows the downside. Technically, the Rambus chart is looking like a breakout of an inverse head and shoulder pattern. The price objective based on this pattern is 13.46. In addition, the stock closed above its 50 day-moving average again. I would look for a move up to $9.91 resistance tomorrow. If it passes that, there is very strong resistance at $10.45 coming up next. This stock is BULLISH in short-term. I'm really convinced that this stock can easily double from here, the latest news have been extremely good for Rambus. For that reason, I'm still holding my shares in hope of a strong move.

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

PETS seems to have broken out of its horizontal resistance line. Looks like we have a burst north coming. If it breaks out of 15.59, target price is around 17.

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

SIRI had a very bullish move today breaking several resistance lines with large volume. The stock breakout above key resistance level 0.228, topped at 0.38 but closed at 0.3362. RSI is in the overbought zone. The averages in MACD are still above the zero line of the indicator again, suggesting bullishness to be intact. Only a cross-over below the zero line of the indicator could signal bearishness. The short-term trend is UP. Even though the stochastic is signaling that the market is overbought, don't be fooled looking for a top here because of this indicator. However, I believe that the recent upward move is already a sufficient gain for those who have this stock, so it would be best to start cashing in on those gains.

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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19:33 | |

 

Stock Picks and Trade Ideas for Tuesday - Micron and Lancaster Colony Corporation

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

LANC is also in a good bullish momentum. The stock hit my long target at 42.55 even further, topped at 42.91. However, CCI already in overbought area so the bullish power could be exhausted right now. The positive long-term view will be negated only if the stock closes below the stop-loss level at 38.52. Long positions may be considered on weakness, with a stop-loss at 39.88.

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

MU - The stock continued it’s bullish momentum on Monday, but with less power. At the end of the day Micron shares closed at 3.65. CCI already in overbought area on daily chart, so watch out for a minor downside pullback. Immediate support is seen at 3.50. A close below this level would impart further weakness and would push the stock to the 3.25-3.37 range.

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 later !!!

AC

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08:12 | |

Saturday, March 14, 2009 

Stocks to watch next week - Las Vegas Sands, Rambus, General Electric and Fifth Third Bank

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

GE had a very good bullish rally last week accompanied with large volume. This stock is good to hold for the short term only. The stock currently stopped short of breaking the resistance at $10 which is the resistance line formed from Frebuary. Also watch out for other resistance levels at 11.41 which is the 50 day moving average. Currently, the technical indicators are displaying good signs. Buy if resistance is broken with good volume, possible target price is around 11.41. Wait for the breakout.

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

FITB - The stock formed a symmetrical triangle. As with any symmetrical triangle, it could either break up or down. Currently 1.97 is acting as a strong resistance. For this coming week, we will be able to see if the stock will break up the resistance or not. Otherwise if this does not materialize, then watch out for a possible move downwards to 1.61 and there is still a possibility of reaching 1.55-1.5 price level.

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

RMBS - Is the Inverted Head & Shuolders a reversal sign? Well sometimes it does act as a reversal pattern. But this we still have to see for the coming week. Last Thursday and Friday’s trading had insufficient volume, so the expected breakout has not yet occurred. Looks like next week would be Rambus’s week. If this breaks out of the neckline, target level is around 13. My model is mixed with upside bias. For now lets wait for that break out to occur.

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

LVS - According to the technical chart above, Full stochastic and MACD have already generated a buy signal. I am expecting a breakout at 2.31 on a close basis with a target of 2.89, but the 20-day moving average is currently blocking the target. If the breakout does not happen and the price moves further downward, we may expect a support of 2.06 and price movement to be sideways. Stay tuned on it.

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 on Monday !!!

AC

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16:31 | |

Thursday, March 12, 2009 

Stock Picks and Trade Ideas for Friday - Intel and Metavante Technologies

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

INTC - Intel shares have been in a steady downtrend since November highs around $16/share in late 08. The stock closed at 14.52 on Thursday. The technical daily chart shows the stock is in a rally as K line is continuously rising above D line. However we can see the minor trend line resistance still doing a good job so far. A breakout to the upside could trigger further bullish momentum towards 16 area. We need some significant market catalyst to determine whether this bullish reversal scenario is valid or not. The bias is bullish in nearest term but remains neutral in long term view. Immediate resistance is at 14.60 (today’s high). Initial support at 14. Let's keep an eye on Intel.

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

MV had a strong day and broke through its resistance line. The volume confirmed the breakout, as it was greater than average. The technical daily chart shows very strong upward momentum as the stock is above the 50 day moving average with both 20 day and 50 day moving average going up. In addition KD and MACD also show very bullish sign. The current rally should at least push the stock to $18.95 per share where the 200 day moving average is.

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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21:57 | |

Wednesday, March 11, 2009 

Stock Picks and Trade Ideas for Thursday - Rambus, Level 3 Communications and Braskem

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

RMBS closed at 8.98. The next resistance is at 9.25 and 9.43 respectively. The technical chart continue to show a bullish bias. The MACD line is pointing up. RSI is also increasing and is now above the 50 level. +DI is above –DI . Another promising sign is the decline that started from 24 February occurred with diminishing volume. Could we potentially head higher this week ? I think so. Looking at the daily chart it appears that the RMBS is forming an inverted head and shoulders pattern with the Neckline at 9.43. This pattern is a bullish one so a rally could happen. Remember, we must follow-through and break the neckline.

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

LVLT shares are in a bearish phase and I have to say that the recent downtrend does not appear be complete. Reasonable expectations suggest to me that we might see stock drops to near its 52 week low at $0.57. Technicaly, the stock is still in very weak market as 200 day moving average is still declining and MACD is still below 0. All other indicators still point to a bear market.

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

BAK - Technically in the near term the stock is in a recovery mode. However since stock overall is still weak as the MACD is still below 0 and the stock is back near the 20-day moving average, wait on the sideline before making any investment decision.Go long at any close above the $4.32 area.

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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21:03 | |

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  • 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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