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

Saturday, February 21, 2009 

Stocks to watch next week - WYNN, NVDA, JAVA

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

JAVA - The stock has just tested its medium-term uptrend line support at $4.50 and rebounded. Further test of this uptrend line is possible. If the uptrend line is not violated, this could be a good entry. The technical chart shows the stock is in a recovery mode as both 20 day and 50 day moving averages are going up along with the stock. Volume declined on the pullback which is positive. Watch for high volume and relative strength/weakness before you jump on board.

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

Nvidia shares are still holding very well around $7, but at the same time has not bounce very strongly here. A break below $6.92 area will likely be bearish for stock, on the other hand a close above $8.25 on heavy volume will launch a rally. Hold with a stop-loss at $6.90.

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

WYNN - Although the moving averages of stock are showing weakness, as the stock is still trading below 50 and 200 dma, there is one technical indicator showing some strength, the stochastics. The stock has chance to start new rally, because K line has just crossed on top over D line. The stock at least can hit the 20 day moving average at $28.89 cents per share. Watch to see what it does here.

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 Monday !!!

AC

Labels: , ,

Bookmark and Share

10:43 | |

Monday, September 22, 2008 

Stock Picks and Trade Ideas for Tuesday - JAS, JAVA, AAPL, LDK, XOM

Chart courtesy of stockcharts ( click to enlarge )

XOM - The overall outlook for the stock appears bullish. Only a close below $78.71 ( 50-day moving average ) would negate the bullish outlook for the stock. A close above $82 would reinstate short-term bullish trend that could propel the stock to the next target zone of $84.33-85.47. Technicals are bullish ( MACD , KD , RSI ) signaling sideways to higher prices in the near term.

Chart courtesy of stockcharts ( click to enlarge )

LDK closed lower on Monday however posted a smart recovery off the lows. Technicals are now in oversold territory signaling sideways to lower prices in the near term. At this point, a drop below $37.65 ( 200-day moving average ) would impart bearish trend. Bulls could remain invested with a stop loss at $37.50.

Chart courtesy of stockcharts ( click to enlarge )

AAPL closed sharply lower on Monday to $131.05 as the decline continues. The low-range close sets the stage for a steady to lower opening on Tuesday. Technicals are oversold but remain neutral to bearish signaling sideways to lower prices are possible in the near term. Next support for the stock is $127 and $120.68 levels. Only a close above $144.20 will reverse the current downtrend.

Chart courtesy of stockcharts ( click to enlarge )

JAVA - The near-term trend is bearish and the drop below $8.32 confirmed the weak outlook. $7.56 is a crucial level. Breakdown will result in a greater fall.

Chart courtesy of stockcharts ( click to enlarge )

JAS is forming a rising wedge (bearish pattern) on daily chart with a likely target of around $20. It will be interesting to see if market touches $26 or perhaps even $27 in the coming days before a good fall. For now, be cautious on all up moves and keep a close eye on the wedge. The moment the wedge is broken, expect good correction.

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 Monday !!!

AC

Labels: , , , ,

Bookmark and Share

21:13 | |

Monday, July 14, 2008 

Stock Picks and Trade Ideas for Tuesday - JAVA, AAPL, APOL, MRVL

Chart courtesy of stockcharts ( click to enlarge )

MRVL formed a falling price channel correction over the last two weeks and a move above $16.20 would be bullish. The technical chart shows possibility of new rally as the stock bounced up after dropping back to 200 day moving average. In addition K line has just crossed on top over D line showing buy signal as ROC is at oversold level. Stay tuned on her.

Chart courtesy of stockcharts ( click to enlarge )

APOL rallied early in July and then consolidated. Watch $56 up and $52 down. Important note to consider : K line is falling below D line, generally a bearish signal.

Chart courtesy of stockcharts ( click to enlarge )

AAPL - Buy the stock only when it moves beyond the resistance level of $180.26 on a close basis ( 50-day moving average ).

Chart courtesy of stockcharts ( click to enlarge )

JAVA - Daily chart above shows that it is still to early to say that the downtrend has ended. According to the technical chart, shares of Sun Microsystems have been trading below both 50 day and 200 day moving average, a very bearish sign. Negative MACD also indicates that the stock is a sell. Please beware of the KD line which is now at 14 and could signal a buy when it begins to rise.

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

Labels: , , ,

Bookmark and Share

21:45 | |

Thursday, May 15, 2008 

Stock Picks and Trade Ideas for Friday - RFMD, JAVA, JOYG, NVDA

Chart courtesy of stockcharts ( click to enlarge )

NVDA broke out of an important consolidation area with excellent volume and will likely have the attention of the swing-traders in the next days. The technical daily chart shows new rally has begun as K line has crossed on top of D line and price broke through the major resistance. This new rally should at least push the stock to $27.10.

Chart courtesy of stockcharts ( click to enlarge )

JOYG has one of the more "stable" charts out there, probably one of the better longs if the market gets going again. The stock is setting up to break-out again at $80.30.

Chart courtesy of stockcharts ( click to enlarge )

JAVA - It looks like it is starting to turn. The stock is setting up to break to the upside, which could occur very soon. I'm using the yesterday high of $13.53 as resistance for this move. I suspect that this triangle will be broken to the upside.

Chart courtesy of stockcharts ( click to enlarge )

Very good strength on RFMD, watch for a move towards and over $4.

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: , , ,

Bookmark and Share

21:22 | |

Tuesday, May 13, 2008 

Stock Picks and Trade Ideas for Wednesday - JAVA, RFMD, MDRX,PNRA, FSLR

Chart courtesy of stockcharts ( click to enlarge )

FSLR - Today's action suggested that there is more room for the uptrend to grow on stock before a more significant pullback. A sustained break of $306.89 should bring the stock to a test of all-time highs in the $309 area.

Chart courtesy of stockcharts ( click to enlarge )

PNRA has been in a steady uptrend for the last six months and is now very near to break another resistance. Keep an eye on PNRA for a possible breakout over $53.40.

Chart courtesy of stockcharts ( click to enlarge )

MDRX - The stock is approaching the resistance at $12.60, which may give a negative reaction. However, the technical chart is still showing a positive momentum on stock with MACD above and with K line above D line. A break above $12.60 would mean the downtrend is over and the stock is ready to fill the GAP.

Chart courtesy of stockcharts ( click to enlarge )

RFMD - Based on attractive valuation, I believe RF Micro Device is a good BUY for the medium-term. The technical chart shows the stock has been trading in a small ascending triangle. The stock would have a bullish breakout if it can surpass the $3.57 resistance.

Chart courtesy of stockcharts ( click to enlarge )

JAVA - Daily chart above shows that it is still to early to say that the downtrend has ended for Sun Micro. The stock is now trading at its all-time low. Given the poor market outlook, it is best to avoid this stock.

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: , , , ,

Bookmark and Share

21:16 | |

Contact

About Me

    Photobucket

  • 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.

    • Benzinga.com supporter

    Iceman Trading Academy Moderator

    Benzinga.com supporter



    FREE NEWSLETTER

      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal

    Follow me

    Advertising

      Interested in advertising on AC Investor Blog ? Click Here

    PREVIOUS POSTS

    TRANSLATOR

    Site Information

    Stock Market Blogroll

    Friends BLOGROLL

    ARCHIVES

Powered by Blogger
and Blogger Templates


Add to Google