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Monday, March 25, 2013 

Tuesday March 26th watchlist

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Groupon Inc (NASDAQ:GRPN) had a nice follow-through day after breaking out its 5.72 resistance on Friday. I still think this is a nice Long setup. Worth watching for a breakout above the 6.17 level.

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PulteGroup, Inc. (NYSE:PHM) Nice Looking Cup with Handle pattern with a pivot of 21.6, when it breaks this resistance on volume, go long IMO. 

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) held up well today in such a weak market. Technicals are now positive and its MACD just produced a new buy signal. If it breaks back over the 50-day MA go long. Stop 7

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Trina Solar Limited (ADR) (NYSE:TSL) Stock price broke down today on high volume, watch for a test of the $3 level. Short setup.

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Sodastream International Ltd (NASDAQ:SODA) Looks like it wants to break this ascending trend line. On watch tomorrow !!

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Visa Inc (NYSE:V) Cleared this consolidation channel today. Setting up for higher prices.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog  twitter and newsletter, so you can receive my trade ideas and stock news in real time.  

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

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21:19 | |

Friday, November 23, 2012 

Some setups to watch in the week ahead

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The trading week was very good for Zynga Inc (NASDAQ:ZNGA) compared to the situation of the stock 2 weeks ago. A new higher low was formed this week and a very good rally started on Wednesday which gave the stock a 12% boost in just two days. This move was accompanied by higher volume compared with the volume the previous week, but not sufficient enough to hold upward momentum today. Technical indicators on chart are showing us mixed signs. Bullish signs coming from Stochastics and MACD, while bearish signs coming from the RSI. At this point, the technical levels to watch for an entry point will be either $2.52 level or if the stock goes lower, $2.25 will be another attractive level to accumulate.

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Shares of Lattice Semiconductor (NASDAQ:LSCC), rose 4.65% to $4.05 per share. The stock cleared the downtrend channel of the recent leg down. Also, last candle is pretty bullish. LSCC is now back to positive trend as it is now back above 50-DMA. The MACD is also looking very good with a possibility of a cross above the signal line and with KD rising the stock could be heading for a new rally. The next key resistance level to watch is at 4.16. Above this level could test 4.5 next.

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Visa Inc (NYSE:V) had a remarkable rally this week with solid volume. The stock didn't only bounce from support near its 50-dma, but was also able to create a new 52-week high. The RSI is again near the overbought level, so for the coming week I expect a possible sideway movement.

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Nice runner from the buy list yesterday. Looks like the 20-day MA acted as support for the stock, as it was able to bounce from the downward movement. Green Dot Corporation (NYSE:GDOT) closed the week with a strong white candle. For next week the upward movement may continue. A move above $12 could spark a nice short-squeeze.

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Tellabs, Inc. (NASDAQ:TLAB) is capable of mounting a nice run in the weeks ahead. The company will commence its share repurchase program on Monday. From a technical standpoint the stock seems to have reversed from its downtrend and could be starting an uptrend. With the MACD turning up and above its signal line, this stock could post a nice rally from current levels.

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Baxter International Inc. (NYSE:BAX) broke out from a small ascending triangle with resistance at 66.88. Target price is at 69.8. Long setup, but watch out if price fall back in the triangle.

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InterDigital, Inc. (NASDAQ:IDCC) chart looks very good. Accumulation continues to trend higher despite recent pullback. Looks ready to test the recent highs. Next resistance level to watch 43.08

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog  twitter and newsletter, so you can receive my trade ideas and stock news in real time.  

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

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21:25 | |

Saturday, April 14, 2012 

Trade Ideas for Week of April 16, 2012


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Renren Inc (NYSE:RENN) stock closed right at a key resistance level Friday with a bullish green candle. At this point, the stock is overbought but volume and money flow still building. Nearest resistance for the stock is at $7.45. If this level is crossed and the stock is able to sustain above this level, then it might go to $8. For long trades, stop loss should be placed at around 5.92.  Watch the stock closely next week. 
 
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Sequenom, Inc.(NASDAQ:SQNM) had a bullish momentum on Friday, closing the day with a gain of more than one percentage point near the highest price of the day on a sell-off day on Wall Street. The bias is bullish in nearest term especially if price able to stay consistently above $3.93 targeting $4.50. Stock was oversold and is now in reverse. Note a positive MACD divergence on daily chart and bull cross.
 
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Visa Inc (NYSE:V) broke out on Friday and made a new 52-week high of $123.68. I'm keeping V on the list for the continuation move. The stock had big buyers in it all day and looks ready to make another move on Monday. I'm using Friday’s high as resistance. A break above that area could trigger further bullish momentum.
 
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Sirius XM Radio Inc (NASDAQ:SIRI) - From a technical standpoint, this stock is currently in an uptrend and is finding support from its 50 DMA at 2.23 . If it stays above and moves up, then it might even go to 2.41. If the stock falls below this level, then it might see further weakness. 
 
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E Commerce China Dangdang Inc (NYSE:DANG) had a significant bullish momentum last week after break above 10 and now struggling around 10.3. Looking at the technical chart above the bias is bullish in nearest term especially if price is able to stay consistently above 10 targeting 11.25. Unless we have another movement back below this level, I think DANG still in a bullish correction phase.

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FormFactor, Inc. (NASDAQ:FORM) stock has entered into a consolidation phase after rising very fast in the past few days. The bias remains bullish in nearest term. Immediate resistance remains at $6. Break above that level could trigger further bullish momentum towards $6.5 area. Initial support remains at $5.54 ( 20-day moving average ). I expect positive trend in the stock to continue with immediate target placed at $6.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog  twitter and newsletter, so you can receive my trade ideas and stock news in real time.

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

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18:39 | |

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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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