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Thursday, September 13, 2007 

Trade Ideas for Friday - BIDU, Research in Motion, AMZN

Chart courtesy of stockcharts

BIDU has broken out again and made a new 52 week high at $234. 96 during regular session. Looking at the daily chartthe stock is in a strong bull market rally as MACD is on top of 0 line and K line is on top of D line. In addition the long term trend is also bullish as the stock is above 50 day and 200 day moving averages with both moving averages going up. RSI is near to reach Overbought conditions, so at this level buy with some cautions.

Chart courtesy of stockcharts

Research in Motion has broken out today and made a new 52 week high during regular session, however shares fell slightly off of their highs by the end of the day to finish at $85.74. Let's see tomorrow reaction after intraday breakout.

Chart courtesy of stockcharts

Keep an eye on AMZN shares for a possible breakout over $89. Chart looks Bullish with all ingredients to breakout soon.

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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Hey AC !! Tks for the tips of yesterday !!!

ERTS - Well done !!


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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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