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Thursday, December 27, 2007 

Trade Ideas for Friday - RMBS, AAPL, BIDU, RIMM

Chart courtesy of stockcharts

I like gap ups and this stock chart looks great to me. I believe that this stock will be trading above 125 in the next few days, but if my interpretation fail, then it should come down to fill the gap.

Chart courtesy of stockcharts

This is one of the most bullish stock charts that I’ve seen in a while. BIDU broke the downward trend line today and it looks like its going to test the $429 again. In addition, MACD fast line crossed above slow line - Bullish signal.

Chart courtesy of stockcharts

Stock makes new high today but failed to close above $200. A pull back is likely in short term, to test previous breakout area at $192, that is now the support.

Chart courtesy of stockcharts

RMBS - If $21 area becomes firm and sustained support, a breakout above the prior December close high is simply a question of time. The RSI looks fine as well as the MACD. I am going to keep my position in this stock. Lets keep an eye on it !!

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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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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