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Tuesday, March 11, 2008 

Stocks to watch Wednesday - CNXT, RIMM, AAPL, FSLR, AMZN

Chart courtesy of stockcharts

AMZN - Can it break to the upside this time ? The technical chart shows bullish sign as MACD is back above 0 and K line is on top over D line. The stock needs to cross $69 to make a huge upmove. Stay tuned on her.

Chart courtesy of stockcharts

FSLR - $200 is a strong resistance. If it can close above this level, then expect more upside. If this happens, First Solar is a good play.

Chart courtesy of stockcharts

AAPL - Trading in a tight range. A close above $132 is a good buy signal. Some of the indicators are showing signs of improvement, like KD, MACD and RSI, others are declining and many are not as comprehensive as I would like.

Chart courtesy of stockcharts

RIMM - The stock broke the downward trendline, which was acting as a resistance. Stock needs to close above its 20 day-moving average to give the perfect buy signal.

Chart courtesy of stockcharts

The stock closed higher by $0.03 at $0.45 on above average volume. Looking at the daily chart, it shows a possible new rally as K line is back above D line. However the stock overall is still weak as it is still trading below 50 day moving average and MACD is still below 0. Buy point is on the day it breaks the short term resistance of its 20-day moving average at $0.54.

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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