-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

« Home | Trade Ideas to analyse during the weekend - BIDU, ... » | Stock on move this afternoon » | Do you believe in this Sell-off ? » | Trade Ideas for Thursday - RIMM , CROX , FSLR » | GOOG $700 so near.......YHOO Keep the faith.... » | Stock on move this afternoon » | Trade Ideas for Tuesday - WYNN,YHOO,CIEN,BIDU » | The Trade Ideas you need for the week ahead !!! » | Microsoft "MSFT"and Yahoo "YHOO" » | Bull Market comes to stay » 

Monday, November 05, 2007 

Trade Ideas for Tuesday morning - RIMM and Valero

Chart courtesy of stockcharts

Valero shares were down just 0.20% to $69.42 reacting positively in the bottom of the channel. today Looking at the daily chart stock continues to move within a rising channel, but directionality is very low. MACD and RSI still losing some ground, so we must wait for a confirmation before enter long here.

Chart courtesy of stockcharts

Research in Motion has broken out to all time highs during today session to a new 52 week high at $131.47, however in the final hour stock retracted closing at $127.97. Looking at the daily chart, the stock is still in the bull market as the stock is trading above both 50 day and 200 day moving average and MACD signal line still above 0. Another indicator KD line shows the stock may be on a new rally again as K line is about to cross on top over D line. As we can see above overall indicators are still sowing a Bullish momentum on stock, so let's see if tomorrow stock will confirm intraday breakout. Support at $118.44 and Resistance at $131.47. Keep an eye on RIMM tomorrow morning.

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 !!!


Labels: ,

Bookmark and Share

Good work!!This blog is great and very informative!!
Stay Cool!!
Visit mine blog:

Post a Comment

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.

  • Benzinga.com supporter

    Benzinga.com supporter


      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal


      Interested in advertising on AC Investor Blog ? Click Here


    Site Information

    Stock Market Blogroll

    Friends BLOGROLL


Powered by Blogger
and Blogger Templates

Add to Google