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

« Home | Hot Stocks for the week Ahead - Alcatel-Lucent and... » | Hot stocks for Friday - First Solar and Evergreen ... » | Hot stocks - Allscripts-Misys Healthcare Solutions... » | Trade Ideas for Wednesday - Yahoo and Microsoft Co... » | Trade Ideas for Tuesday - Winn-Dixie Stores and La... » | AC Investor Blog set a new record of visitors » | 3 Stocks Ready To Rally - Energy Conversion Device... » | 2 stocks to watch tomorrow - Evergreen Solar and S... » | 2 Breakout stocks - Lubrizol Corporation and Bed B... » | Trade Ideas for Wednesday - Ciena and Yingli Green... » 

Monday, August 03, 2009 

Trade Ideas for Tuesday - Motorola and Nokia

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

NOK successfully broke the resistance at 13.48 confirming a reversal. Target price for the pattern is at $14. The breakout also moved past the 200 day moving average. From the technical chart KD line shows positive signals as K line is now 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. I suspect the stock may continue to appreciate over the coming days.

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

MOT looks to be setting up for an upside move as the stock traded higher on Monday, but did not break resistance. The stock needs to break Frisday’s high of $7.30 to expect a strong rally at this point. The technical daily chart still showing positive sign as the stock is above both 50 day and 200 day moving average with MACD above 0. Keep an eye on Motorola for a possible breakout over 7.30.

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

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