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Tuesday, March 27, 2007 

Ericsson and Sun Microsystems

Here are a couple shorts that look pretty decent to me.

Chart courtesy of stockcharts

Shares of SUNW fell more than 2.5% closing at 6.06$ and near the major support 6$. Looking at the chart we can see that MACD fast line crossed below slow line, a Bearish signal.

Chart courtesy of stockcharts

Shares of ERIC fell more than 1% today closing at 37.16$ . CCI indicator started moving down, a sell signal might be given when the CCI moved back below +100. Keep an eye on Ericsson.

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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19:42 | |

Friday, February 02, 2007 

ERIC in action today

Chart courtesy of stockcharts

Shares of ERIC fell more than 5% today closing at 37.12$, after the world’s largest supplier of equipment for mobile phone networks reported fourth-quarter pretax earnings below expectations and lowered its 2007 outlook. Looking at the chart the stock reached oversold conditions in the RSI , however this drop was followed by a big volume, not a good signal for longs.

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 !!!! Tomorrow I'll analyse more charts.

AC

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20:16 | |

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  • 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.

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