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Wednesday, March 26, 2008

Stocks in action for tomorrow - GOOG, CNXT, CREE, RMBS

Do you remember this post ? http://ac-investor.blogspot.com/2008/01/rambus-shares-spiked-on-news.html . Well, I must to tell you that after today rally and verdict I didn't sell my shares, they are still in my porfolio. The latest news was good enough. For those who are not updated on what is going on, here is the latest news from RAMBUS.

" Rambus says wins memory chip patent case - SAN FRANCISCO, March 26 (Reuters) - Memory chip technology developer Rambus Inc (RMBS) said on Wednesday a U.S. jury ruled it was not anti-competitive and did not not violate antitrust laws or commit fraud in its attempt to protect memory chip patents, sending Rambus shares higher 39 percent. The verdict in the long-running case was that there was no anti-competitive behavior by Rambus in its activities with a memory chip industry standards body, Rambus General Counsel Tom Lavelle said by telephone. Click here to read the full article ".

Chart courtesy of stockcharts

CREE had a strong day and broke through its resistance line of one month correction. The volume confirmed the breakout, as it was greater than average. Look for CREE to test the prior highs of February.

Chart courtesy of stockcharts

CNXT - I've been stating fordays that the Conexant stock was trying to bottom as it had nice positive divergence developing,now stock is near to cross its 50-day moving average, which could give a strong boost for run to $0.70. Keep an eye on stock. I'm Bullish on CNXT.

Chart courtesy of stockcharts

GOOG - Looking at the daily chart, if $450 major horizontal becomes firm and sustained support, the stock should run to $488 if markets cooperate. All the trends in stock indicators are positive or neutral.

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

Labels: CNXT, CREE, GOOG, RMBS

20:49 | Permalink |

Saturday, March 22, 2008

Stock to watch next week - XMSR, CNXT, JASO, JNPR, AMZN, GOOG

Chart courtesy of stockcharts

GOOG is correcting the entire up-move recorded in November of 2007. The stock is moving in a tight range between $412 and $450. In other words, the stock is trying to stabilize itself around the long-term support. Hold the stock with a stop at $412. Buy point would be on the day it blows through $450 on heavy volume.

Chart courtesy of stockcharts

AMZN - The stock is recovering nicely from its recent decline. Technically in a short uptrend, but hard to intepret the next possible move. From the chart, looks like the next major resistance is at $75.

Chart courtesy of stockcharts

JNPR - Juniper has been in a corrective phase since the beginning of this year along with the rest of the US equities. Looking at the daily chart above, it shows possible new rally as K line has crossed on top over D line. However, we should keep in mind, the stock is still in bear market as MACD and signal line are both below 0. For this reason, it is better to wait and see if the stock can break above its 20-day moving average.

Chart courtesy of stockcharts

JASO - The stock is currently consolidating in a band between $16.33 and $14. The next support on the chart is at $14. Investors can hold the stock with a stop at $14. If this level breaks, the stock could slide lower to $13.32 or even $12.17. Short-term rallies will encounter resistance at $15.77.

Chart courtesy of stockcharts

CNXT confirmed my previous analyse. A closer look at the daily chart it displays a downtrend line broken to the upside with a respectable volume. From here we can expect a run to the $0.57 area and from there we could see an explosive upsurge to $0.78 and better. Stay tuned.

Chart courtesy of stockcharts

XMSR broke downtrend line resistance today with heavy volume. Expect a move to the $13 area in the next days. RSI is pointed up and a positive MACD Cross over has occurred, generating a buy signal.

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 !!!! Happy Easter !!!

AC

Labels: AMZN, CNXT, GOOG, JASO, JNPR, XMSR

10:03 | Permalink |

Wednesday, March 19, 2008

Stocks to keep an eye on tomorrow session - RNWK, KLAC, CNXT, C , ADBE

Chart courtesy of stockcharts

ADBE - Great earnings on this stock. Entry point would be on the day it blows through $36.46 on heavy volume. I would like also to point out that MACD Fast line crossed above MACD Slow Line, producing a Buy signal.

Chart courtesy of stockcharts

The break of the resistance line with heavy volume should be the next buy point on Citigroup. If it clears resistance at $22, the move may be powerful.

Chart courtesy of stockcharts

CNXT looks like it wants to test the first resistance line above at $0.50. Looking at the daily chart, MACD shows buy signal as MACD rising above signal line and KD is also showing buy signal with K line now above D line.

Chart courtesy of stockcharts

KLAC was a nice play after have broken the support line last week, however, it looks like there is more downside here. I believe stock will test recent lows at $35.25. All the indicators are in favor of Bears.

Chart courtesy of stockcharts

RNWK - After sharp gains yesterday, the stock has found resistance again on its 50 day moving average, pulled back to close just under the support area at $5.60. At this level, we will see if it can hold here or try a new up movement. Recent technical indicators for Real Networks have been slightly bearish, with MACD below 0 and K line below D line. So, if you want to buy the stock, wait !!! this is not a good time.

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

Labels: ADBE, C, CNXT, KLAC, RNWK

20:57 | Permalink |

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

Labels: Bucy, CNXT, FSLR, JPM, PEIX

22:28 | Permalink |

Tuesday, March 11, 2008

Stocks to watch Wednesday - CNXT, RIMM, AAPL, FSLR, AMZN

Chart courtesy of stockcharts

AMZN - Can it break to the upside this time ? The technical chart shows bullish sign as MACD is back above 0 and K line is on top over D line. The stock needs to cross $69 to make a huge upmove. Stay tuned on her.

Chart courtesy of stockcharts

FSLR - $200 is a strong resistance. If it can close above this level, then expect more upside. If this happens, First Solar is a good play.

Chart courtesy of stockcharts

AAPL - Trading in a tight range. A close above $132 is a good buy signal. Some of the indicators are showing signs of improvement, like KD, MACD and RSI, others are declining and many are not as comprehensive as I would like.

Chart courtesy of stockcharts

RIMM - The stock broke the downward trendline, which was acting as a resistance. Stock needs to close above its 20 day-moving average to give the perfect buy signal.

Chart courtesy of stockcharts

The stock closed higher by $0.03 at $0.45 on above average volume. Looking at the daily chart, it shows a possible new rally as K line is back above D line. However the stock overall is still weak as it is still trading below 50 day moving average and MACD is still below 0. Buy point is on the day it breaks the short term resistance of its 20-day moving average at $0.54.

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

Labels: AAPL, AMZN, CNXT, FSLR, RIMM

20:40 | Permalink |

Sunday, March 09, 2008

Stock to watch next week - FSLR, INTC, BIDU, GOOG, CNXT

Chart courtesy of stockcharts

GOOG has chance to start new rally as K line is about to cross on top over D line. However since the stock is still weak as MACD is below 0, if K line fails to break above D line, the downtrend may continue, but in my opinion is unlikely this happen due to the high oversold conditions. I estimate that the stock might go up at least $450 next week.

Chart courtesy of stockcharts

BIDU is below its 50 day moving average and is hugging the bottom part of this symmetrical triangle. If that breaks, it could become a nice swing-short. Let's keep an eye on her.

Chart courtesy of stockcharts

INTC has been in steady decline and is trading with low volatility near the 20 period MA line. I'm expecting a good breakout on either side, but honestly speaking I think it will move up due to the fact that K line is on top of D line and MACD is above sell signal.

Chart courtesy of stockcharts

FSLR - The stock broke support at $200 on Friday and broke below its 20 and 50 day moving averages. Next support is at $190.00. Intermediate trend remains up, however short term momentum indicators, like MACD, RSI and Stochastics are now in Bearish areas. Although the stock has been on the decline recently due to dropping KD, the stock overall is still in bull market, with 50 day moving average above 200 day moving average. Buy point is when it crosses again $200 mark on heavy volume and closes above this level.

Chart courtesy of stockcharts

The volume remains very low at this level and I believe in a possible double bottom scenario here, if the market conditions help. Stock should not go much lower.

Labels: BIDU, CNXT, FSLR, GOOG, INTC

08:46 | Permalink |

Tuesday, March 04, 2008

Trade Ideas for Wednesday - INTC, FSLR, RIMM, RMBS, CNXT, FCN

Chart courtesy of stockcharts

FCN - Stock broke out to all time highs last week. This is generally a hot buy from a technical perspective, however and at this point the stock is too extended for additional positions, and is now approching of the Overbought zone. Right now it is way too risky for a long position. Buy point is on the day it breaks $64.83 mark on heavy volume.

Chart courtesy of stockcharts

CNXT has broken its descending triangle last week, and since then it still losing some power to move up. However is curious the fact that volume has not increased in the same way, and stock still trading below its daily volume. For my point of view, the big boys are not selling and probably are accumulating some shares, grabbing the bad condition of market. Stock is dropping without news.

Chart courtesy of stockcharts

The stock touched an intra-day high of $17.60 and a low of $16.85 before closing at $17.32 above the key level. I noticed an increase in volume on the five-minute chart around $17, which could mean a possible scenario of accumulation. Well, indicators are not printing a bullish momentum, however and looking at the overall financial environment, RMBS is acting well. I expect an upside movement in short term to near to test its resistance around its 200-day moving average. Stay tuned on her.

Chart courtesy of stockcharts

RIMM - The area of previous resistance of RIMM around $98 now has become support. If the support holds, then it signals an intermediate to short term trend change. In this case it quickly rises away from support, but if support is broken, then expects a move to $90 ( I really don't believe in this scenario, but everything is possible in this economic enviroment). Buy point is on the day it breaks the short term resistance area at $112.26.

Chart courtesy of stockcharts

FSLR - $200 is still acting as a good support for First Solar shares. Buy point on stock is when it crosses the upper line on heavy volume and closes out of the pattern, above $216.

Chart courtesy of stockcharts

INTC - Looking at the daily chart, if $19.51 major horizontal becomes firm and sustained support, the stock should test again its resistance line. Although we have seen a huge drop early in the morning, the white candle printing on today session gives a feeling of confidence for tomorrow.

Labels: CNXT, FCN, FSLR, INTC, RIMM, RMBS

21:57 | Permalink |

Monday, March 03, 2008

Stocks to watch today - FSLR, RIMM, CNXT, SWC, VRSN, BAC , JPM

Chart courtesy of stockcharts

JPM - The stock broke support at $42 on Friday and broke below its 50 and 200 day moving averages over this month. In addition other technical indicators such as MACD and KD also show weak signal as MACD is below 0 and K line is dropping below D line. The JPM is looking ready to test its lows again in the next weeks.

Chart courtesy of stockcharts

BAC - Sideway channel broken. Trouble ahead. I don't think it will go up much. The question now is how deep will be the correction.

Chart courtesy of stockcharts

VRSN has been shifting from a down trend to a slight uptrend. On friday stock closed below its 20 and 50-day moving averages, so from a technical perspective a run to $34 ( bottom of the channel ) is very likely. MACD and KD also show weak signal as MACD near 0 and K line is dropping below D line.

Chart courtesy of stockcharts

SWC - Stillwater Mining broke out to all time highs. This is a hot buy from a technical perspective, however and at this point the stock is too extended for additional positions. Right now it is way too risky for a long position.

Chart courtesy of stockcharts

CNXT - Not a pretty picture. Descending triangle broken to the downside.

Chart courtesy of stockcharts

RIMM - I consider RIMM has broken out of the downtrend. Currently building base for the next up move. If it is able to break $112.26, first target $122.

Chart courtesy of stockcharts

FSLR - Long term uptrend. Still under correction. Possible support at $200.

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 weekend !!!

AC

Labels: BAC, CNXT, FSLR, JPM, RIMM, SWC, VRSN

10:00 | Permalink |

Saturday, February 23, 2008

The Recession Is Under Way & Trade Ideas for next week

There seems to me that there is a very high possibility of economic recession in US in front of us, and probably (I’m not sure) we’re living now that state. With slipping jobs data showed by the decline in January payrolls and the rising unemployment rate, a weak retail chain store sales reports with a surprising falloff in the ISM nonmanufacturing index, there is no doubt that the Recession is under way. Plus, on Thursday the Federal Reserve Bank of Philadelphia reported regional manufacturing fell more than expected. Investors were also disappointed with another drop in the Conference Board's monthly index of leading economic indicators. No matter what people are saying, FED chairman was clear, the economic conditions are deteriorating significantly too fast. I’m not an expert in economic fundamentals indicators, but for a guy like me, that normally spends too much time reading economic books, there is no reason to not believe in this scenario, however I have just a simple question. Will be a deep or just a soft recession? I’m pointing to the second one, but I’m really extremely cautious right now. Things are not good, neither indications give me a fresh air to put this worry out off my mind, so as I said before play on the defensive side. It will be very depressing for all of us see the biggest world economy entering again in recession, even being just for some time. Risks to the downside are very high.

Now take a look at my trade Ideas for the week ahead.

The area of previous resistance of FSLR around $200, now has become support. If the support holds, then it signals an intermediate to short term trend change. In this case it quickly rise away from support, but if support is broken, then expects a move to $143 ( I don't believe in this cenario ). Buy point is on the day it breaks the upper line mentioned on chart on heavy volume.

MSPD was a nice play at the down trendline, however, it looks like there is more downside here. Stock broke on Friday one important support with heavy volume, this is a bearish signal. I believe this move will continue. There is no support below.

JASO - Looking at the daily chart, this stock is being supported around $15.70 area, near its 200-day moving average. Although MACD show positive sign with fast line rising on top of slow line, this is not yet the time to buy as the stock is still weak as 20-day moving average is still falling and the stock is sitll on downtrend. A close below $15.70 with volume, it will be the signal to sell.

CNXT is at critical support near $0.55. Stock could go either way depending on how it deals with the major trendline. Chart doesn't look good for longs on stock.

VIVO formed a symmetrical triangle pattern during its uptrend which led to upside continuation. The buy point is when price clears the upper trend line and volume expands to take the stock higher. Next week keep an eye on VIVO shares.

LVLT - Looking at the daily chart above, it shows weakness as the stock is trading below its moving averages. In addition MACD is below 0 showing the stock is in bear market. The only positive signal is KD where K line is about to cross on top over D line and may start a little bounce back rally. Resistance is now at $2.50. Stay tuned 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 examples.
That's All. Have a nice weekend !!!

AC

Labels: CNXT, FSLR, JASO, LVLT, MSPD, VIVO

21:12 | Permalink |

AC Investor Blog

Seeking to provide independent day trading strategies based on Technical Analysis.

Wednesday, March 26, 2008

Stocks in action for tomorrow - GOOG, CNXT, CREE, RMBS

Saturday, March 22, 2008

Stock to watch next week - XMSR, CNXT, JASO, JNPR, AMZN, GOOG

Wednesday, March 19, 2008

Stocks to keep an eye on tomorrow session - RNWK, KLAC, CNXT, C , ADBE

Tuesday, March 18, 2008

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

Tuesday, March 11, 2008

Stocks to watch Wednesday - CNXT, RIMM, AAPL, FSLR, AMZN

Sunday, March 09, 2008

Stock to watch next week - FSLR, INTC, BIDU, GOOG, CNXT

Tuesday, March 04, 2008

Trade Ideas for Wednesday - INTC, FSLR, RIMM, RMBS, CNXT, FCN

Monday, March 03, 2008

Stocks to watch today - FSLR, RIMM, CNXT, SWC, VRSN, BAC , JPM

Saturday, February 23, 2008

The Recession Is Under Way & Trade Ideas for next week

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