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Tuesday, July 29, 2008 

Stock Picks and Trade Ideas for Wednesday - YHOO, PMCS, BUCY, XL, RIMM

Chart courtesy of stockcharts ( click to enlarge )

PMCS is still holding support AT $7 but at the same time has not bounce very strongly here. A break below $6.98 area will likely be bearish for stock, on the other hand a close above $7.85 on heavy volume will launch a rally.

Chart courtesy of stockcharts ( click to enlarge )

BUCY - The stock has resistance at $72.50. If the stock is able to cross this level and sustain above it, then it might go to $75 and then even to $79.52. The technical chart shows positive sign as the stock is back above both 50 day and 200 day moving averages. Rising KD should continue to carry the rally. Stay tuned on her.

Chart courtesy of stockcharts ( click to enlarge )

XL - The stock has a strong support at $17.50. If the stock breaches this level on a close basis, then it might decline to $15.95. Support after 2.95 is at $14.61. However, if the stock sustains above its $17.50 during some sessions, then it may go to $20. The stock is currently in a downtrend.

Chart courtesy of stockcharts ( click to enlarge )

RIMM - The stock rallied in mid of July and then consolidated. Watch $119.60 up and $110 down.

Chart courtesy of stockcharts ( click to enlarge )

YHOO - It becoming a stressful situation to hold shares of Yahoo at this moment. The stock has been under a strong manipulation shaking every time any news comes out. I start getting frustrated with all commentaries that many speculators have used for gaining popularity and making money with the fluctuation of the share price. I have to admit that I still holding my shares, just due to the high level of inflow money that this stock still showing, it’s a signal that the big boys are not selling just increasing slowly the long position. If you look closely to the latest movements in the stock, the volume has been too small for a stock like this, with a 28 Billion of capitalization. No one knows the future of the stock, but one thing is completely truth, Microsoft will not gain market share to Google in the years to come without Yahoo.

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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21:16 | |

Thursday, April 10, 2008 

Stock Picks and Trade Ideas for Friday - ADI , FSLR, BUCY, SPWR

Chart courtesy of stockcharts ( click to enlarge )

SPWR - After a strong rally in the last couple of days, stock's pulled back a little bit, finding a nice support on its 200-day moving average. If price breaks above the last price spike resistance of $94.34 I think going long will present a very possible profitable trade. Keep this stock on your watch list in the coming days. It's still a nice bullish pattern.

Chart courtesy of stockcharts ( click to enlarge )

BUCY looks ready to make a new 52 week high. The technical chart shows possibility of new rally as the stock bounced up after dropping back to 20-day moving average as both 20 day and 50 day moving averages are both pointing up. In addition K line has just crossed on top over D line showing strong buy. The buy point would be when the price breaks $114.93 on heavy volume.

Chart courtesy of stockcharts ( click to enlarge )

FSLR has consolidated a little bit here around its support and looks ready to roll.

Chart courtesy of stockcharts ( click to enlarge )

ADI - The stock today surged 5% or $1.54 cents to $31.56 per share with a volume of 6 million shares after an upgrade . ADI is trading in a new upward channel, making new highs and higher lows following each pullback. From the technical chart KD line reverse its downtrend move while MACD signal still remains bullish above 0. Stock may test psychological 200-day moving average line at $32.48 in short term.

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 day !!!

AC

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21:17 | |

Wednesday, April 09, 2008 

Stock Picks and Trade Ideas for Wednesday - NTRI, JDSU, Bucy, RIMM

Chart courtesy of stockcharts

RIMM gained momentum in afternoon trading on increased volume and ended the day with a gain of 2.46% to $120.98. The technical chart still shows bullish sign as the stock is now on up trend and MACd is back above 0. Buy point would be on the day it blows through $124.03 on heavy volume. Keep an eye on her.

Chart courtesy of stockcharts

BUCY looks great on both a weekly and daily charts. The good news however is that stock is getting closer to a major break-out, so keep an eye on her for a possible breakout over $114.93. Looking at the daily chart, the stock is still in bull market as 50 day moving average is still above 200 day moving average so any pull back would mean buying opportunity. Stay tuned.

Chart courtesy of stockcharts

JDSU tested the breakout area today and had some nice buying come in to support it.

Chart courtesy of stockcharts

NutriSystem (Nasdaq:NTRI) shares jumped today more than 24% or $3.64 to $18.59 on today sessoin, after the company raised its first-quarter revenue outlook and named its chief operating officer as its chief executive. On the daily charts the traded stock volume was several times larger than usual, showing that the stock could be back to new rally. Now that the stock is above 50 day MA and MACD still above 0 the stock has chance to be back to bull market.

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 day !!!

AC

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06:05 | |

Tuesday, March 18, 2008 

Stocks to watch Tuesday - JPM, FSLR, CNXT, PEIX, BUCY

Chart courtesy of stockcharts

BUCY - Macd Fast line crossed below macd slow line, above 0. Stock coming out of a uptrend. Stock may hit short term support levels, however any pull back would mean buying opportunity because the stock is still trading in a bull market with 50 day moving average above 200 day.

Chart courtesy of stockcharts

CNXT - Conexant is very close to bottoming. Whether its a short term bottom or something more open long positions here could be a good option for a swing trade. At these level this stock can go either way, however the volume is picking up which is a good signal, probably a signal of accumulation with The Chaikin Money Flow oscillator moving up too. When the Chaikin Money Flow value is greater than zero it is an indication of buying pressure and accumulation when the indicator is positive.

Chart courtesy of stockcharts

PEIX - Not a pretty picture. Stock in a downtrend mode. Major support is now at $4.25.

Chart courtesy of stockcharts

FSLR - Nice symmetrical triangle. Buy point is when the upper line is broken on heavy volume.

Chart courtesy of stockcharts

JPM had a very bullish move today breaking several resistance lines with large volume.. Although the stock is still weak as MACD is below 0 and share price below the major moving averages, indicator KD shows positive sign as K line is now back above D line. I'd buy it when it breaks the short downtrend line on heavy volume.

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 evening !!!

AC

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22:28 | |

Saturday, February 09, 2008 

Stocks to watch next week - BUCY, GOOG, RIMM, CNXT, RMBS, BIDU

Chart courtesy of stockcharts

BIDU continues to trade below its broken support line and below its 200-day moving average, leading us to believe that it may still have some downside ahead. However there is a hope for Bulls, stochastics are showing high oversold conditions, which may bring some buyers back.

Chart courtesy of stockcharts

Rambus shares have dropped recently after earnings report to previous levels before Bloomberg news. I have to admit that I had a good opportunity to sell and enter long again, but I'm not worry with this company, the current earnings report was not good and I have to confess that revenue also disappointment me, however there is something that can blow up this stock soon, the Hynix case. A possible victory in this case, according to experts is likely with 60% of probabilities, so I will keep my long position until the final decision and I promised to myself don't touch them, even knowing the risk that I will assume. I rated this stock in my portfolio with 4 stars medium-risk. Now technically speaking, stock could go either way from here depending on the markets mood. However, looking at the daily chart RMBS is in a neutral zone, suported now by its 20-day moving average. Please don't use my conviction as a recommendation to buy or sell, make your own decision.

Chart courtesy of stockcharts

CNXT hasn't broken the support line at $0.56 yet, but it is looking like it will.

Chart courtesy of stockcharts

RIMM continues to trade in a tight range between its 200 day-moving averge acting as support and its 20 day-moving average acting as resistance. Stock should have an explosive move to either direction next week, although I think a bullish move is more likely based on Friday session.

Chart courtesy of stockcharts

GOOG - Stock starts showing ‘buy' signals again. However after recent decline in share price, a good entry point will be onlye in a break of its $519 on heavy volume. Stay tuned on her.

Chart courtesy of stockcharts

It looks like BUCY is well positioned to test and take out its December highs. All of the indicators are bullish. Entry point will be on the day when stock breaks above $104.36 on heavy volume. It has a good support at $89.

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 weekend !!!

AC

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08:12 | |

Saturday, February 02, 2008 

FED, DOW and more trade Ideas for the week ahead

Over this week, we were surprised by FED with another interest rates cut by a half of point last Tuesday, the second time this month as it tries to keep the US economy from entering a recession. The central bank lowered rates to 3% from 3.5%. It was difficult to understand initially the way of the financial market, first spiked and 30 minutes later lost all that gains, closing in the lows of the day. It‘s obvious that there is some macro economic signs that the US economy is slowing, however in my opinion of view this kind of action will avoid a slowdown, and this cut come just in time to avoid a big contraction also in the financial markets that have marked the month of January of 2008, as one of the worst years. Interest rates have now been cut five times since 18 September 2007. FED has transmitted a signal of encouragement to all Americans to have confidence in the US economy. Everybody knows that this kind of actions will take some time to get results; however money is now cheaper than was one year ago, and the budget of families soon will increase.

Chart courtesy of stockcharts

Early in the morning I have discussed with my trader friends some particular technical points for the month ahead, and it has become obvious that yesterday breakout of 12500 on DOW was the technical signal for the rebound that many of us were looking for. The earnings season is almost over and the balance was not as negative as initially expected, expect some individual cases. But the question that arises is the economic slowdown in the US, will it be a short spell or over a longer period? for this issue no consensus has been reached, but what counts is the trend of the technical graphs and here things change, now we went from a strong correction action to a possible and speedy recovery. Will this happen, yesterday the first step has already been taken.

Chart courtesy of stockcharts

EBAY gained more than 7% to 28.81 on Friday session, closing for the first time since December above its 20-day moving averge. If stock breaks through $29 then hold or add more. A move up to the $34 level is very likely.

Chart courtesy of stockcharts

We saw a very strong RMBS rally late this week and I think the rally may continue for several sessions. The $21.69 level is not impossible to reach next week, and this level is a target for many traders in the time being.

Chart courtesy of stockcharts

GOOG - I believe this move will continue toward the $500 or even $480 before the stock moves higher again.The major resistance is around $562.

Chart courtesy of stockcharts

The daily chart shows BUCY is trading in a Bullish momentum. Technicaly chart shows the stock is in a bull market with MACD on top of signal line and 50 day moving average on top of 200 day moving average, so we should see the stock keep going strong to test all time highs around $104.36 which it touched nearly in December.

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 weekend !!!

AC

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23:08 | |

Thursday, January 24, 2008 

Stocks to watch tomorrow : BUCY, GOOG, FSLR, CNXT,

Chart courtesy of stockcharts

CNXT Beats Street Estimates, stock surges in After-Hours Trading. I’m looking at a possible double bottom reversal on CNXT stock chart. I know that it is too early to say for certain but looking at the chart above is very likely. One positive note is that MACD is on top of 0 and K line is about to crossed on top over D line again. Let's keep an eye on her.

Chart courtesy of stockcharts

Looking at the daily chart, First Solar looks very good here, especially if market attempts a rally, a possible breakout over $180 is very likely. Wait for a close above this mark to enter long.

Chart courtesy of stockcharts

Today GOOG stock crossed the 200-day moving average to the upside, key level to watch tomorrow. One possible positive indicator that chart shows is KD where K line seems to be ready to rise above D line which could mean rebound. Keep an on Google tomorrow. Major resistance is now at $622.

Chart courtesy of stockcharts

BUCY shares have found a nice support around its 200 dma. The break of the white line area at $85 with heavy volume should be the next buy point on BUCY. Keep an eye on her.

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 example.

That's All. Have a great evening !!!

AC

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21:23 | |

Sunday, December 30, 2007 

Stocks to keep your eye on Monday - CSUN,FSLR, CHINA, RIMM, BUCY

Chart courtesy of stockcharts

BUCY - This stock has a good looking chart, and it looks like to be forming a bullish flag. Entry point will be on the day when stock breaks above $104.36 on heavy volume. Looking at the daily chart the investor sentiment in BUCY showed by RSI continues strong and MACD still going up. Stock still trading in a strong Bull Market with share price above 20 dma, 50 dma and 200 daily moving average. Keep it on the radar for a possible break out in the near future.

Chart courtesy of stockcharts

Research in Motion closed the day on Friday near the flat line, losing just 0.36% to $116.94. Looking at the daily chart stock blow out on earnings and it looks like is forming now a bull flag. At this level, buy point will be when stock breaks the upper line on heavy volume. Keep an eye on her.

Chart courtesy of stockcharts

I was looking over a list of today's strongest stocks and noticed CDC Corp. “CHINA”. Company said its directors and executives repurchased about 468,000 of its shares under a prearranged trading program in the last nine trading days. Shares ended the session gaining more than 20% to $4.95. Looking at the daily chart stock is trading in a clear Bear Market. This rally put me in a neutral zone to invest at these levels even with this news. I prefer stay away from stock and wait for a close above its 13 dma to enter long.

"Daily Rambus" Chart courtesy of stockcharts

"Weekly Rambus" Chart courtesy of stockcharts

The daily chart shows Rambus is trading in a Bullish momentum. The Technical chart shows positive sign as the stock has been above 50 day moving average since mid September and has formed golden cross earlier November. Golden cross is when 50 day MA cross on top over 200 MA and is a very bullish buy signal. Presently, this stock is sitting right around the 13 dma. Meanwhile, the weekly chart shows the stock is pushing into a longer-term resistance area. A move above 25 would mark a long-term breakout. There is something interesting for this scenario occur, the January series shows a huge amount of calls at the 25 and 30 strikes, it looks like people are really convinced that stock will breakout over $22 and $25 soon. Let’s keep an eye on it.

Chart courtesy of stockcharts

FSLR shares jumped to all time highs over this week, making consecutives new highs. Stock is in a tremendous Bullish moment, with all indicators showing strength to move up, its 50 day and 200 day moving average still going up, while MACD is above 0 and RSI in Bullish territory. This stock is one of the best performances of 2007.

Chart courtesy of stockcharts

One stock that was in focus this week has been CSUN that jumped on Wednesday more than 30% and more 16% yesterday. The stock broke out on Wednesday with huge volume. So, after recent rally a pull back should be seen as a natural and welcome movement. I would wait for a little consolidation before jumping in, but it looks like CSUN is a stock to keep an eye on for awhile. Resistance at $19.23 and support is at $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. Have a nice weekend !!!

AC

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23:44 | |

Thursday, July 05, 2007 

Trade Analyses - Research in Motion, Priceline, Bucy , Verigy , Palm , Macrovision, CRDN

Chart courtesy of stockcharts

Research in Motion shares soars on Friday more than to 199.99$ after company topped Wall Street's expectations for the first quarter and indicated it would do the same in the second quarter of this year. Research in Motion added about 1.2 million subscribers during the first quarter and predicts 1.4 million new subscribers next quarter. Looking at the technical chart, stock is in now in a Breakout mode, and if this chart does what is supposed to do, it will be going higher in the sessions to come. For the first time in their history the fantastic level of 200$. RIMM in the right way.

Chart courtesy of stockcharts

PCLN nice chart !!! Priceline.com shares were up nearly 7% to 68.74$ breaking out an important resistance at 66.96$. SWN stock has been doing well this year, making new highs today makes a new one at 69.4$ followed by volume. Looking at the chart above stock broke out 66.96$ and reaching also a new 52 week year high, is now a stock in a Breakout Mode. Indicators are all in favor of Bulls with K line above D line and MACD back above 0. In addition stock is trading above 50 dma and 200 dma = Bullish Mode. Let's see if stock will sustain next week this movement.

Chart courtesy of stockcharts

BUCY - Possible breakout of the ascending triangle. The chart is showing an ascending triangle setup ready to breakout of a consolidation base. The Ascending Triangle is a bullish pattern, the formation occurs as sellers dump shares at resistance, then after the stock declines buyers come in attempting to pick up a bargain, which makes shares rise again, so keep BUCY in your watchlists.
Chart courtesy of stockcharts

PALM retest support today with sucess. It's seems to me that stock can recover some of the recent losses.
Chart courtesy of stockcharts

CRDN - Keep an eye next week on Ceradyne shares for a possible breakout over 75.43$.

Chart courtesy of stockcharts

VRGY - The technical chart show a Bull flag chart pattern. A Flag (Bullish) is considered a bullish signal, indicating that the current uptrend may continue, the duration of this pattern depends on the extent of the price fluctuations (consolidation). Keep an eye next week on Verigy shares for a potential breakout over 30.25$.

Chart courtesy of stockcharts

MVSN - Keep an eye next week on Macrovision shares for a possible breakout over 30.85$.

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.


AC

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22:15 | |

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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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