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Wednesday, April 22, 2009 

Hot stocks for Thursday - AGL Resources and Powerwave Technologies

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

PWAV has made an awesome move on Tuesday breaking out of a small ascending triangle patterns with volume backed confirmation. I went long at 0.74 as its quite possible we should see a short term move near $1.12/share. The technical chart shows bullish sign with K line on top of D line and MACD on top of signal line.

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

AGL has been rising in an ascending triangle formation. Look for the break above the 28 level to enter longs. Technically, The stock closed above its 50 day moving average on Tuesday. The MACD indicator is looking to cross above its signal line and Stochastic indicator is moving up, indicating short term strength.

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 tomorrow !!!

AC

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21:10 | |

Tuesday, March 31, 2009 

Stocks to watch Tuesday - Yahoo, Powerwave Technologies and Rambus

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

YHOO - It looks like a small bearish rising wedge pattern broken on the Yahoo chart. The pattern seems to have had a downside breakout. The breakout volume in my opinion was not large enough. However, when a validated trendline gets broken, it tends to have some significance. The breakdown put a target of 11.75 in play.

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

PWAV - The stock broke the descending traingle on Friday and has moved decisively to the upside. That’s a powerful sign that high prices are likely to persist. Long positions may be considered on price weakness, with a stop-loss at 0.39.

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

RMBS - The stock is simply telling me that this is a nice healthy pullback after a big run. The trend should resume back up in the very near future. The technical chart is also showing declining volume but stock has a Bullish outlook. I could be wrong, but I did not find a reason for the drop in shares as it did. It was likely a consequence of the negative market environment.

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 later.

AC

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08:00 | |

Monday, May 19, 2008 

Stock Picks and Trade Ideas for Tuesday - PWAV, COMS, NVDA, BRO, FSLR

Chart courtesy of stockcharts ( click to enlarge )

FSLR - The stock will retract to the $287.65 level and try to establish support there. If support holds, then it'll advance again to a new high, but if support fails, then the next level of support is at $260. Any fall below $279 will ring my alarm bells and a break below $260 would signal a definite reversal.

Chart courtesy of stockcharts ( click to enlarge )

BRO pulled back to double support at the previous breakout area. They had a nice move last week confirming support. Let's keep an eye on her, because looks like it will make a run.

Chart courtesy of stockcharts ( click to enlarge )

NVDA - The stock might pull back to test the breakout. If that occurs, look for support right around $23. But if that support level fails to hold, then the next level of support is $22.

Chart courtesy of stockcharts ( click to enlarge )

COMS - The 20 day moving average is showing a positive gradient and is rising since middle of Apr. This is a bullish sign. In addition, the Bollinger is showing a slightly upward channel.

Chart courtesy of stockcharts ( click to enlarge )

PWAV - The stock is showing signs of exhaustion. Latest candle is not a good signal for Bulls ( Doji ). This speaks of a market in transition and a stock that isn’t quite sure of its direction. Further, a doji candle does warn that we could see a change in direction of the stock. In addition, the %K line has crossed below %D, giving a sell signal. The %K line has also turned down and that means PWAV is losing positive momentum or the up trend is coming to an end. 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 evening !!!

AC

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21:36 | |

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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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