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Monday, December 03, 2007 

Trade Ideas for Tuesday - RMBS , PSMT , LDK

Chart courtesy of stockcharts

RMBS - I'm still watching closely in my screen the behavior of Rambus after have broken the descending trend line. Stock has found good support once again at its 20 dma. If the market consolidates, it is worth accumulating the shares.

Chart courtesy of stockcharts

PSMT - Looking at the daily chart stock continues to move within a rising channel. MACD and RSI still losing some ground, so we must wait for a retest of the bottom line of this channel, before enter long.

Chart courtesy of stockcharts

LDK Solar - Technically, the stock has broke out above the downward trendline that begin in September. MACD Fast Line crossed above MACD Slow Line, producing a Buy signal.

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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