Trade Ideas for Friday - GOOG, APOL ,CNXT, AMGN, CSUN
Chart courtesy of stockchartsOn 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.
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 stockchartsCNXT - 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.
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.
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 !!!
AC
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 !!!
AC
Labels: AMGN, APOL, CNXT, CSUN, GOOG
