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

« Home | Trade Ideas for Tuesday - Ciena and LDK Solar » | The Bulls are back !!! » | A Very Happy new year to all my readers !! » | Stock Picks and Trade Ideas for Wednesday - POT , ... » | Retrospective of 2008 » | Stock Picks and Trade Ideas for Tuesday - YHOO, CI... » | Opening the veil on 2009 » | Pure adrenaline!! » | Stocks to watch next week - CIEN, AMZN, TSO » | Merry Christmas Everybody » 

Wednesday, January 07, 2009 

Top picks - CIEN and ADBE

Chart courtesy of www.stockcharts.com

ADBE - After being trading in a very bearish descending channel since August 2008 Adobe Systems appears to making a comeback in favor of the bulls. Price dropped near 19.50 per share and made a quick and strong jump near 24.50/share with increased volume. Once the stock registers a breakout above this level, there could be a rally to higher levels.

Chart courtesy of www.stockcharts.com

CIEN - Over the past five sessions CIEN has experience a huge increase in volume along with some strong price movement. Looking at the daily chart the stock broke out from a symmetrical triangle pattern breaking out of resistance around $7/share horizontally. I believe price action will make a quick run near to 9.85.

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 Folks.


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