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Saturday, September 08, 2007 

Trade Ideas for Monday - YHOO, NVDA,AEM

Chart courtesy of stockcharts

NVDA has been moving progressively higher and looks like it is pulling back to support after a recent breakout. It may be finding support at the rising 20 day simple moving average at $47.67.

Chart courtesy of stockcharts

AEM - Breakout on Thursday and still going up. It is looking like this is a very powerful move, followed by strong volume.

Chart courtesy of stockcharts

Over this week I changed my opinion on Yahoo from Bearish to Bullish. Looks like YAHOO is consolidating recent gains to runup again. MACD Bullish and RSI Neutral. Even with this negative sentiment in the market stock may find support at $23.38 ( 20 dma ). Important note : Yahoo Inc. President Susan Decker and Director Arthur Kern bought more than 65,000 shares of the Internet search company.

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 example.

That's All. Have a great weekend !!!


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Hi AC !!! I agree with you on YHOO, I have changed my opinion too. It seems to me obvious now a long position.



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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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