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Monday, July 28, 2008 

Stock Picks and Trade Ideas for Tuesday - AKNS,TTEK,SIRI, RFMD,SOHU

Chart courtesy of stockcharts ( click to enlarge )

SOHU has good support at $75.83. If it falls below this level, then it can possibly go down to $67 area. Looking at the daily chart, it shows positive signs as 50 day moving average is on top of 200 day moving average with stock trading above both moving averages. MACD also show bullish signal as MACD is above signal line. However ROC and KD are somehow weak as ROC is at overbuy level and K line drops below D line. So, the perfect buy point is now a move above $85 on above average volume.

Chart courtesy of stockcharts ( click to enlarge )

TTEK - Support for Treta Tech exists at $24 and if this support is also broken than the stock is going to touch the level of $22.

Chart courtesy of stockcharts ( click to enlarge )

RFMD - RF Micro Devices will face the resistance on upside at $3 and on the lower side stock will face support at $2.80 and if this level is broken than the stock is in bearish grip and may achieve $2.6 target. Stock has immediate target of $2.80 on downside and if this level is broken then support exists at $2.52 and if this support is also broken then get ready for unbelievable target of $2.

Chart courtesy of stockcharts ( click to enlarge )

SIRI - If its support of $1.80 is broken on a close basis then the chances of stock touching the level of $1.50 becomes high.

Chart courtesy of stockcharts ( click to enlarge )

AKNS - The stock has a strong support at $4.30. Hold with a stop-loss at $4.30. If stock breaks this level then the stock can head to $4 and if this level is breached then the level of $3 is visible.

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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18:10 | |

Monday, June 02, 2008 

Stock Picks and Trade Ideas for Tuesday - GMXR, ABMD, ESLR, AKNS

Chart courtesy of stockcharts ( click to enlarge )

AKNS looks like is consolidating between $7 and $6.4. It has formed a symmetrical triangle with resistance at $7. Possible upside target price of $8. For those doing range trading, you can buy at $6.50, sell at $7, cutloss at $6.25. Although the moving average still shows weakness as 50 day moving average is below 200 day moving average, positive momentum seems to be back as MACD in early to mid May top out the signal line and K line is also rising on top of D line showing buy signal. Average volume is around 1M, a good break out volume should be above 2M.

Chart courtesy of stockcharts ( click to enlarge )

ESLR Consolidation ? Volume reducing on the way down. The long term trend is neutral as the stock is currently trading between 50 day and 200 day moving average. Evergreen Solar looks like it has more support then resistance here. Keep an eye on it.

Chart courtesy of stockcharts ( click to enlarge )

ABMD looks good here and has room to run. The stock firmed around $15 and then broke out with heavy volume. Long term uptrend. The daily technical chart shows the stock is in a strong bull market as MACD is on top over signal line and K line is on top over D line.

Chart courtesy of stockcharts ( click to enlarge )

GMXR showed some nice strength in the last two sessions with markets falling apart and them breaking to new highs.

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. Have a great day !!!

AC

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21:35 | |

Friday, March 28, 2008 

Solar stocks shine

Chart courtesy of stockcharts

SOLF - Great earnings on this stock. Entry point would be on the day it blows through $14.29 on heavy volume.

Chart courtesy of stockcharts

AKNS - The good news is that the price of Akeena Solar stock crossed above its major moving averages with the relative price strength increasing. When a stock raises above its moving averages it means that it has broken its short-term trend. This is a bullish signal.

Chart courtesy of stockcharts

LDK has a very interesting daily chart and could have a bigger move soon. Resistance for this move is $29.50. This stock will move quickly and is very volatile, so be careful with your share size and entry price. Optimum buy point is when price crosses the resistance line.

Chart courtesy of stockcharts

FSLR - Stock is now in a breakout mode and the chart suggests a strong confidence in stock, RSI has space to move up more. Technically, I continue to believe the stock will test the the prior highs of February at $236.

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. Have a nice evening!!!

AC

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15:30 | |

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  • I'm a 44 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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