-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

« Home | The top 3 most beautiful places on Earth » | Hot stocks for Wednesday - PetMed Express and Adva... » | Hot stocks to watch next week - Verisign and Yahoo » | Solar Stocks to watch Friday - Trina Solar and Ren... » | Hot stocks for Thursday - Cisco Systems and Gigamedia » | Hot stocks for tomorrow - Fossil and Yahoo » | Hot stocks for tomorrow - Intel and Rambus » | Stocks to watch next week - True Religion Apparel ... » | Hot stocks for Friday - Netsuite and Life Technolo... » | Microsoft is developing the rival of iPhone » 

Thursday, May 14, 2009 

Trade Ideas for Thursday - Advanced Micro Devices, Intel and Real Networks

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

INTC formed a sideways consolidation in a narrow range between 15 and 16. Further rise is still in favor after consolidation, and the next target is at 16.60 zone. Initial support is at 15.02 and followed by 14.87, only fall below 14.50 level will indicate that the rise from 11.95 has completed.

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

AMD breaks above 4.50 resistance but failed to close above it. However, further rise is still possible and the next target would be at 5.20-5.5 area. Initial support is at 3.97, as long as this level holds, we'd expect the uptrend to continue.

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

RNWK is testing the support of 2.50. As long as the stock stays above this level, we'd expect range trading between 2.5 and 2.8 to continue. However, a break down below 2.5 level will signal deeper decline to 2.2-2.4 area. Near term resistance is at 2.63 followed by 2.75.

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 !!!


Labels: , ,

Bookmark and Share


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.

  • Benzinga.com supporter

    Benzinga.com supporter


      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal


      Interested in advertising on AC Investor Blog ? Click Here


    Site Information

    Stock Market Blogroll

    Friends BLOGROLL


Powered by Blogger
and Blogger Templates

Add to Google