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Thursday, October 23, 2008 

Stock Picks and Trade Ideas for Friday - TOL, JNPR, LDK,

Chart courtesy of stockcharts ( click to enlarge )

LDK - As the near-term trend does not appear bullish, there is no reason to invest in this stock now. Fresh exposures may be considered once the stock stabilises and gets into an upward trending mode. Since the stock is still on a down trend with MACD below 0 there is no reason for the long player to buy the stock. Only a close above $18.75 would have positive implications in the near-term.

Chart courtesy of stockcharts ( click to enlarge )

JNPR is exhibiting signs of bearish divergence. Both RSI and MACD registered a lower high. Go long at any close above $20.

Chart courtesy of stockcharts ( click to enlarge )

TOL - Technically, the chart shows a bearish picture for stock with MACD and KD showing weak signal as MACD is below 0 and K line is dropping below D line. The stock has a strong support at $17 but any close below this level could start a new sell off.

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. See you tomorrow !!!


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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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