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Tuesday, December 04, 2007 

Trade Ideas for Wednesday - DK, ASTI, RMBS, ADCT, AMD

Chart courtesy of stockcharts

Advanced Micro Devices "AMD" is one of mid caps that still showing on the chart a lot of weakness indicators, and the descending trend line still act like a big wall to surpass. It's difficult to predict the bottom for stock. In November I just made one trade on AMD, with a small profit on the long side, and I have to admit that life for Bulls on AMD, isn't easy. The stock has been on down trend since mid October and has also entered into bear market with MACD dropped below 0, so at this moment I prefer stay away from AMD, even at these prices.

Chart courtesy of stockcharts

ADCT has pulled back after recent rally, and is setting up for a test of the bottom of channel. I'm Bullish on stock.

Chart courtesy of stockcharts

RMBS has held it's breakout and has been consolidating very well on its 20 dma.

Chart courtesy of stockcharts

ASTI had a nice move on volume today. Stock is likely to test all time highs.

Chart courtesy of stockcharts

LDK Solar were up 26% to $40.97 on the Nyse, confirming my previous analyse on stock. Stock may find some resistance to breakout $43.50 area, due to the fact that it's a strong resistance. Keep an eye on LDK.

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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