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Wednesday, April 02, 2008 

Stocks for Thursday - JDSU, JNPR, MRVL, MOS

Chart courtesy of stockcharts

MOS - The stock has been trading in a downward pattern since mid February, and there is still no clear indication of a reversal from the downward ranging movement. Buy point is on the day it breaks the upper line on heavy volume.

Chart courtesy of stockcharts

MRVL - The symmetrical triangle could be broken to the upside, when it is with heavy volume, that is the time to buy.

Chart courtesy of stockcharts

Juniper Networks ( JNPR ) stock is nearing the completion of a descending triangle pattern on the six-month daily chart. Generally this pattern would indicate a continuation of the previous trend. In this case the stock has recently been trending downward and there will soon be a definitive breakout. Because of the nature in the pattern in the short term there is room for this stock to quickly push lower, however before short the stock, wait for the confirmation of the break on heavy volume.

Chart courtesy of stockcharts

JDSU - Chart shows an ascending triangle formation, with prices testing the resistance at $14 on three occasions. I'd buy it when it breaks the high at $14 on a close basis on heavy volume.

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 day !!!


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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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