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Sunday, June 11, 2006 

Stocks still under fire !!!!

Chart courtesy of stockcharts

XLNX - reported after the market close on Thursday, that the company still expects revenue to increase between 1 percent and 5 percent sequentially, but said gross margins would be lower about 62 percent, down slightly from prior guidance of 62.5 percent, due to unfavorable shifts within its new products category. According to the chart above we can see that the red Line has been a support , but on friday the stock breakdown this support with a double average volume, so perhaps the stock can go much lower. All indicators mentioned in the chart are Bearish ( MACD + RSI + Fullstoch. ).

Dear visitors, Unfortunately during this weekend I couldn't update more charts here due some problems with the blogger, so perhaps during the week ahead I'll update more stocks information.

Take a look : I added more business links to my Blog Side Bar , but the last one was created by a friend with some pictures of my city Oporto. Check it Retratos Viagens

That's All. Have a great business week.


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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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