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

« Home | What a confusion.......... » | Trade Ideas for tomorrow - SOHU,CY,VMW, RFMD » | Stock to watch tomorrow - JASO, GOOG, CF,INTC » | Trade Ideas for Tuesday - CNXT, NVDA, AAPL, GOOG » | Solar Stocks in review - AKNS , CSUN , JASO, FSLR ... » | Stocks to watch on Friday - GRMN, LDK, AU » | Trade Ideas for Thursday - XTO, APOL, AGP » | Trade Ideas for Wednesday - CIEN, ENER, FSLR, SPWR... » | Trade Ideas for Tuesday - ESLR, NTRI, SPWR and CNXT » | What a start !!! Stocks to keep your eye on Monda... » 

Friday, January 18, 2008 

Trade Ideas for Friday - GOOG, APOL ,CNXT, AMGN, CSUN

Chart courtesy of stockcharts

On the down side in the Solar sector, CSUN is the only stock down 10 days in a row, so I think we should see a bounce at these levels.

Chart courtesy of stockcharts

AMGN - In the daily chart above the stock is forming a possible Inverted Head and Shoulders Pattern. These formations normally indicate a trend reversal, let's see if the stock price will confirm it. The break of $48.45 level with heavy volume should be the next buy point on AMGN.

Chart courtesy of stockcharts

CNXT - MACD Fast line crossed above 0 or MACD Slow Line, producing a Buy signal. Keep an eye on stock for a possible breakout above its 20 dma, now at $0.77.

Chart courtesy of stockcharts

APOL - Once again the stock failed to breakout above the $81 level. It looks like it will test 50-day moving average before move up again. Although the technical chart shows some negative indication as K line is now below of D line, since both 50 day and 200 day moving averages are still going up the stock is still in a bull market.

Chart courtesy of stockcharts

GOOG - The stock broke down through the $622 support line accompanied by volume. If Google doesn’t close tomorrow above this mark, we should see more declines in share price. The stock is very weak as MACD is still deep below 0 and the stock is deep below 50 day moving average.

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


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