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Wednesday, March 14, 2007 


Chart courtesy of stockcharts

Shares of Novell rose today nearly to 2% even after a downgrade from S&P to Strong Sell. Looking at the chart stock still showing strength to move up with MACD above 0 again.

Chart courtesy of stockcharts

Shares of SABA fell more than 3% to 5.88 after the company lowered its outlook after lower-than-expected license revenue. Looking at the chart stock closed below 200 dma for the first time since December of 2006, which means a Bearish sentiment , however stock is now in oversold conditions, so probably we'll see soon some recover, but I'm still 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 !!!



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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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