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Thursday, May 14, 2009 

Trade Ideas for Thursday - Advanced Micro Devices, Intel and Real Networks

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

INTC formed a sideways consolidation in a narrow range between 15 and 16. Further rise is still in favor after consolidation, and the next target is at 16.60 zone. Initial support is at 15.02 and followed by 14.87, only fall below 14.50 level will indicate that the rise from 11.95 has completed.

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

AMD breaks above 4.50 resistance but failed to close above it. However, further rise is still possible and the next target would be at 5.20-5.5 area. Initial support is at 3.97, as long as this level holds, we'd expect the uptrend to continue.

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

RNWK is testing the support of 2.50. As long as the stock stays above this level, we'd expect range trading between 2.5 and 2.8 to continue. However, a break down below 2.5 level will signal deeper decline to 2.2-2.4 area. Near term resistance is at 2.63 followed by 2.75.

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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19:33 | |

Friday, April 25, 2008 

Stock Picks and Trade Ideas for Friday - GS, NOVL,RNWK, NTRI, NVDA

Chart courtesy of stockcharts ( click to enlarge )

NVDA - Nvidia gave us a small move on Wednesday, which could be the start of a bigger move. If the stock can break through Wednesday’s high of $20.66, we should see a strong follow through move. This move would break the trading range, and should drive the stock back towards highs. Although the stock didn't perform well since the start of the year, we should see a rebound very soon as the technical chart now shows positive momentum is back as MACD is above 0 and K line is on top of D line. In addition 20 day moving average and 50 day moving average seems both are stabilizing which is a very positive sign.Keep watching NVDA for a bigger move soon.

Mowrey and Buckingham have a 12- to 24-month price goal of $47 for Nvidia. Click here to know more.

Chart courtesy of stockcharts ( click to enlarge )

NTRI - $19.18, down 9%. Range was $20.23 to $18.92. This stock cooled down today, after the earnings report. I had not expected this action, as I thought it would continue higher today. At least today’s drop was on low volume for a usual earnings day. The chart is now a little mixed, but I'm still convicend is too early to start selling. The K is just below the D line, so technically we had the bearish crossover today,but it could be just a small violation.

Chart courtesy of stockcharts ( click to enlarge )

RNWK is technically in uptrend. But looking at the chart above is hard to intepret the next possible move. Furthermore, it is moving really slow. Entry point would be on the day it blows through $6.30 on heavy volume.

Chart courtesy of stockcharts ( click to enlarge )

NOVL - The stock continues to have great support at $6.28 on its 20-day moving average. Today, the stock closed above its 50 day EMA ($6.39) again. I would look for a move up to $6.58 resistance tomorrow. If it passes that, there is very strong resistance at $6.86 coming up next.

Chart courtesy of stockcharts ( click to enlarge )

GS - Stock broke through resistance at $181.75 accompanied with high volume. We should be able to see some decent upside movement for the bulls here. This stock should run to at least $196.50 ( 200-day moving average ).

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 day !!!

AC

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20:12 | |

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

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20:57 | |

Thursday, February 15, 2007 

RNWK shares plunged more than 15%

Chart courtesy of stockcharts

Shares of RNWK plunged more than 15% today closing at 8.97$ following a disappointing outlook from the digital media company that prompted downgrades from at least three analysts. The provider of online music and games issued a full-year revenue forecast that was below analysts’ expectations. Looking at the chart, stock is now in bad situation trading below 50 dma and 200 dma, however in the short term it can recover some of the loses, but I'm very cautions.

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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21:53 | |

Monday, November 06, 2006 

PMCS - Trade Alert " Breakout "

Chart courtesy of stockcharts

Today, PMCS broke out of an ascending triangle stock chart pattern on strong volume. I will be keeping this stock on my watchlist tomorrow and next week for swing trade opportunities, the chart is overall Bullish, MACD above 0 and RSI in a Bullish area.

Stocks to watch tomorrow : RNWK ( +4% after Hours, reported a sharply higher net profit).

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

AC

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21:01 | |

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  • I'm a 45 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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