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Sunday, April 22, 2007 

Just a few charts - ITWO, AME, ERJ, PALM

Chart courtesy of stockcharts

Dowjones are near to hit 13000 level, we're just a few points to reach a new historic level for Dow. Honestly speaking, I think it'll be break by Monday or even Tuesday, however I'm cautions on the long side right now, because markets are now in Overbought conditions.

Chart courtesy of stockcharts

It takes time to build a proper base, but it looks like ITWO is close to attempting another breakout.

Chart courtesy of stockcharts

AME stock has been doing well this year, making new highs, today broke out an important resistance, it is in a decent spot here right now. I will be watching it closely.

Chart courtesy of stockcharts

Next week keep ERJ in your watch list, is close to breaking out.

Chart courtesy of stockcharts

Shares of PALM rose 0.75% to 17.51$ following an upgrade given by Lehman Brothers from Underweight to Equal-weight. It looks like it is trying to break the resistance at 17.80$. All Indicators have improved during this week, and we could see a continuation of the movement.

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.

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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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