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Friday, June 16, 2006 

Stocks rebound from the lows,...but and now ?

Chart courtsey of stockcharts

Good news for CIEN on Friday after JPMorgan upgrade the stock from underweight to Neutral , but CIEN didn't react, start the day up but end the session with a Big drop, below the MM50, so the stock lost strength again to break the $4.60 resistance area ( red line ).

Chart courtsey of stockcharts

XLNX stock have confirmed my previous post of last week and breakdown the $24.65 support level ( now the resistance area ), the indicators still in Bearish situation.

Chart courtsey of stockcharts

Google stock still trading in a sideway between the MM200 and MM50 , I think Market participants are pretty confused right now in this stock so it's best to be cautious now, because I don't see much volume for both sides and decreasing sequentially. MACD is a little bullish but it's losing the strength.

Chart courtsey of stockcharts

Moody's on Friday raised its outlook for Nortel Networks Corp. to stable from negative, citing stable management and progress made by the telecommunications equipment maker in improving its internal controls, the stock have reacted very well up 3% ......
According the chart above we can see that the MACD line crossover to the upside. Start to be bullish in the stock but with very cautions, because I want more volume in the upside movement.

That's All. Have a great weekend and a great business week !!!!


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Li que foi expulso do Caldeirão, gostaria só de expressar que espero que volte, pois gostava dos seus posts ;)

Olá Kabum,

Infelizmente fui sem um motivo aparente, pois ninguém da administração teve a dignidade de me enviar algo que comprova-se que tinha desrespeitado as regras do fórum, enfim quem por lá anda sabe como aquilo funciona. No entanto gostaria de agradecer as suas amáveis palavras e pode contar na mesma com as minhas análises aqui no fórum e durante a semana no think finance.

Um abraço e votos de bons Negócios.


Soube que foste expulso do Caldeirão, não entendo porque o fizeram, pois eras um membro que fazias a melhor analise, mais do que os próprios administradores.
Espero que um dia ainda te chamem novamente e com pedidos de desculpa.

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About Me

  • 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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