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Wednesday, January 02, 2008 

New Year new tips !!!!

Hello Everyone !!! Here we are for another year that promises to be volatile in overall markets such as 2007 was. Anyway, I wish to all good luck for trades, wishing you good profits and I hope to contribute to make it possible too. From my point of view, I think and hope that Bull market initiated in 2003 it will continue, even with many uncertainties playing against, so along this year keep your eyes wide open. Good Luck !!!

Chart courtesy of stockcharts

RIMM - Stock has found consistently support on its 50 dma in the last sessions, any movement below this line, should be seen as a possible invertion of the trend, however a possible breakout over the upper line is also likely. Keep an eye on RIMM.

Chart courtesy of stockcharts

Yahoo shares were up nearly 2% today to $23,72, after ThinkEquity upgraded its rating to buy from accumulate, citing the stock's 22% selloff since the firm started coverage on Oct. 22. According to analyst William Morrison fundamentals of company have improved and key risks are currently more than priced in. Looking at the daily chart, MACD is slightly weak as MACD is just below 0 and K line is about to cross below D line, however for the first time since December, stock closed above of its 13 dma, usually considered a Bullish signal. Keep an eye on YHOO for a possible breakout over $24.

Chart courtesy of stockcharts

AMZN - The stock broke out today $96 level, on pretty good volume, we’ll see if it can continue or not. Today, Citi Investment Research Upgrades stock to "Buy" from “Hold”, calling it a "Core" online stock with huge earnings potential. The stock is showing tremenous strength with KD rising and MACD high above 0. In addition both 50 day and 200 day are both rising. Keep an eye on her tomorrow.

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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