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Monday, December 03, 2007 

Trade Ideas for Today - BIDU,GOOG, DELL, EGOV,ADCT, YHOO

Chart courtesy of stockcharts

BIDU - Looking at the technical chart, stock show a continuation of the trend with MACD and RSI in the Bullish areas, the stock is in a strong bull market with both 50 day and 200 day moving average going up. The momentum in the last sessions have been phenomenal on BIDU, stock came from $300 to above $395 in just a few days. I won't be surprise if BIDU reachs new highs next week, because indicators are extremely Bullishs. Keep an eye on her.

Chart courtesy of stockcharts

Looks like GOOG confirmed support at the breakout area. Ready to test highs.

Chart courtesy of stockcharts

YHOO - MACD is turning up and about to give a buy signal. Tuesday was the initial bottom. Wednesday had a bullish engulfing candle (strong buy signal) and Thursday showed a continuation of the trend. Moves to the upside would have a first target at $27.87, but the weekly chart does not give me many more clues. So, keep an eye on YHOO next week for a possible breakout over $27,35.

Chart courtesy of stockcharts

ADCT- The MACD gave us a tiny uptick this week ( fast line crossover slow line), which could indicate the start of a new leg up.

Chart courtesy of stockcharts

DELL - The the selling pressure broke down key support levels on Friday, so be careful on the long side at this moment. Wait for a confirmation only above $25.

Chart courtesy of stockcharts

EGOV - Watch Monday's action for a possible breakout over $8.

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 weekend !!!


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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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