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Category Archives: AAPL
Stocks to Watch on 12/07: MRVL, NOK, WMT, XOM, AAPL
Marvell Technology Group, Ltd. (NASDAQ: MRVL) has fully filled its recent gap today. From the peak in volume at previous two troughs, it could be a double bottom pattern fully formed, signaling a trend reversal. Prices crossed the bottoming MA(50) as well. Watch for tomorrow’s move. If trend continues, my short term target is $9.50, then $10.00.
Nokia Corp. (NYSE: NOK) dropped 3.35% today, however, holds well above the neckline of the breakout yesterday. MA(50) is recovering and MA(200) seems bottoming + watch for golden cross. As long as NOK closes above $3.60, I am bullish on this stock.
Wal-Mart Stores, Inc (NYSE: WMT) shows Elliot Wave pattern on chart. Despite of the recent uptrend with gap filled, OBV is not recovering much (negative divergence). The recent closes, including a inverted hammer and doji, shows the recent uptrend is revering, sending the stock into Wave C. Under E Wave theory, Wave C is the longest, with biggest drop and volumes. I think similar action is happening on AAPL as mentioned in yesterday’s post.
Exxon Mobil Corp. (NYSE: XOM) another mega-cap stock I wish to cover as it is also showing Elliot Wave pattern on chart. Situation is basically same with AAPL and WMT above, except it seems Wave C has not started yet. Also, MA(50) and MA(200) is not looking good at all. They are both downward trending. So, put this on your radar. I think a big drop is coming soon.
Please also follow my twitter @GaryLee_HK
Stocks to Watch on Dec 06: AAPL, EDU, IDCC, NOK, SPY
Apple, Inc (NASDAQ: AAPL) breaks below its ascending triangle, reversing its uptrend, as I mentioned yesterday on my blog. http://stks.co/mG4T. Today, it falls 6.43% and another half percent during after hours. MACD is falling quickly and will soon be having a bearish cross. CMF is falling again. The picture on Apple is not nice. It seems to be forming so-called Elliot Waves. We are experience wave 3, which is, by theory, the longest and with most volume. I shorted AAPL today. I have a target of $500 by the end of this week.
New Oriental Education (NYSE: EDU) has almost filled all of its gap after its accouting scandal. By the look of the huge drop in two days, touching lower Bband with low readings on RSI and Slow STO. Although I think this stock is due for some correction. I am nothing saying the uptrend still enacts, prices touching lower bband can consider as a BUY signal (by textbooks)
InterDigital, Inc (NASDAQ: IDCC) breaks above $44.00 today. 200 day moving average seem to come to a saucer bottom. MACD and CMF are holding up pretty well.
S&P 500 (NYSE: SPY) This is my first time covering technical analysis on stock index because today’s move is very interesting and bullish on chart. Today’s low hits $140.00 (or Index:1400) yet closing slightly above yesterday open/close. Resistance is found under 50 day moving average but it seems like SPY is making higher lows. After all, I am bullish on stocks towards to the end of 2012.
Nokia Corp. (NYSE: NOK) raised 12.79% today with huge volume and 2% more in after-hours. 200 day moving average might be bottoming. MACD is ticking up. Faster moving average crossing slower from below could trigger another buying power. But I think NOK is due for some correction, as this stock rarely stays over 70 on RSI for longer than 2 days.
Stocks to Watch on Dec 05: FSLR, NFLX, P, DDD, AAPL
First Solar, Inc (NASDAQ: FSLR) does not only break above its ascending triangle pattern, finding great supports from 50 day moving average. it has also make a new 52w new high today with decent volume.
Netflix (NASDAQ: NFLX) I commented about a possible short squeeze on twitter yesterday but I did not expect such a huge run like NFLX did today. I was expecting the squeeze ends around $85.00. I guess the market sentiment on NFLX is really bullish, at least for now. From the chart it shows me today, recovering MACD & MA(50) coming close to MA(200), I think the stock definitely has the potential to hit $100 in a short while. Unless tomorrow actions is bearish and closes below $85 significantly, then it might signal volatility in this stock and market uncertainty on NFLX.
Pandora Media, Inc. (NYSE: P) is a possible bottom play. This could be a inverted head and shoulder forming.
3D Systems Corp. (NYSE: DDD) again follows the channel and shows some bullish action today. I look forward to this stock hitting above $50 in the coming 2 weeks.
Apple, Inc. (NASDAQ: AAPL) shows a bearish signal on chart as it breaks below the ascending triangle, despite a bullish breakout of a triangle happened last week. I think AAPL would drop appx. another 1.5%-2% tomorrow.
Stocks to Watch on Nov 27: AAPL, DDD, SSYS
I have mentioned SSYS and AAPL on yesterday’s post and DDD on Nov20’s. All of my predictions on them are pretty accurate and nicely done. So, Standing O for ME!!
Apple Inc. (NASDAQ: APPL) As I mentioned yesterday, I will turn bullish on Apple again if it breaks the flag pattern from above. By that, I would have a ST target to $600. It did break the pattern first thing in the morning today and reached $589.58 by its closing. Pretty close. My prediction used the distance between the flag divergent point and the body of the candlestick at trough. A more aggressive target would use distance to the lowest shadow and extend the same distance from the top of the breakout. Therefore, my next ST target is $620,
3D System Corp (NYSE: DDD) I signaled my followers a possible trough on DDD in my Nov 20’s post, as well as on twitter. DDD did a huge run today, jumping 11.52%. I think adding shares or jumping on the boat atm might not be a good idea because the price is getting close to the upper channel and about to reach overbought level. Currently, I do not have a price target for this stock but does think the uptrend is accelerating.
Stratasys, Inc (NASDAQ: SSYS) I mentioned yesterday that there is a bullish breakout and have a target of $73. However, I did not expect to have another breakout such quick. Today, the stock has also made a 52w new high. Very bullish.
That’s all for today. Gotta study CFA now.
Stocks to watch on Nov 26: AAPL, SSYS, BIDU, RIMM, NOK
I hope everyone has a great thanksgiving! I have recently opened an account on StockTwits and have found it very useful for every traders. It has a better interaction with the users. When your mouse moves on the $STOCK others have mentioned, it shows you the corresponding price charts in a small box. It is better than going fourth from Twitter to Yahoo! Finance to check out people’s ideas.
My StockTwits & Twitter accounts: GaryLee_HK & https://twitter.com/GaryLee_HK
Apple, Inc (NASDAQ: AAPL) jumped on Tuesday after reaching extremely oversold level on RSI and Slow STO. After Friday’s close, a bull flag is constructing on chart, however, with little volume. I have a short term target of $600 if it breaks from above. If it breaks from below, my previous $480 target still holds. I do not suggest taking a long or short position before a breakout.
Baidu, Inc (NASDAQ: BIDU) I am not a big fan of Chinese Internet stocks. But BIDU is a company with strong revenue growth, high proportion of cash and cash equivalent under balance sheet and a P/E ratio of 21.58x compared with Google 20.92x. Bidu has a higher profit margins and recent growth compared with Google. After the sell off, reaching oversold level in both RSI and Slow STO. I think the stock is due for some retracement, at least to $105, which was a strong support, testing its validity again, or else, polarity. Stop order around $91.00 or 5% from Black Friday’s close.
Nokia Corp (NYSE: NOK) and RIMM have very similar actions, with great volume. Maybe both long-suffering stocks are back! Be aware of the stock reaching extremely overbought level. Stop around 200 day moving average.
Research in Motion Ltd (NASDAQ: RIMM) My comments on Nokia applies here. Plus OBV is ticking up quickly. Today’s close is higher than $11.00 which used to be a resistance. I do not have a target on RIMM and NOK, but I do think they are reversing. Stop could be somewhere around 200day moving average.
Stratasys, Inc (NASDAQ: SSYS) has closed above previous high on Black Friday, at $70.78. MACD and CMF is positive. My short term target is $73.30 with a stop of $69.00
Stocks to Watch on Nov 15: IDCC, AAPL, FB
I am currently studying for CFA Level I Exam on Dec 1. Starting from tomorrow, I will pick only 2-3 stocks per blog entry. Shorter description may also be expected.
Facebook, Inc (NASDAQ: FB) has rise 12/19%, closing at $22.28. MACD is making bullish crossover. Slow STO is ticking up after showing oversold signal. I look for more action, at least somewhere around 100day moving average.
InterDigital, Inc (NASDAQ: IDCC) told you on a upcoming pullback on Nov 09. I am expecting action downwards until reaching 50day MA. However, the uptrend of this stock still enacts. Mind for bearish MACD crossover.
Apple, Inc (NASDAQ: AAPL) everyone knows Apple has a great fundamentals. However, there is no idea when the recent downtrend is going to end. 50day and 200day moving average is turning around, pointing downwards. The closing price is slightly away from Lower BB, but that’s not enough. Bearish flag is forming on charts and if broken, my next target is $480.
Oct 25: AAPL, CLWR, DDD, ED, SIRI, PG
Apple, Inc (NASDAQ: AAPL) missed estimate after hours. Watch for tomorrow action. The stock has recently been sold massively. I am looking forward to 200 day moving average giving some support to the stock. PE ratio P/Book ratio is lower than SP500. It could be a value when market sentiment is over-reacting and over-selling this stock.
Clearwire Corp. (NASDAQ: CLWR) has retraced most of the run early this month. Now closing right above major moving averages (20, 50, 200 days) Golden cross days ago. but MACD turning negative. Watch for major action.
3D System Corp. (NYSE: DDD) For those what have been following me since this summer should DDD was my favorite stock by then. Today it made a 13.72% jump closing at $40.75 after earning reports, touching upper bband and confirming the short term price channel. CMF turning positive. MACD +ve. RSI making higher lows. I initiated a long position in this stock today. Looking forward to see some more price action for the coming weeks.
Consolidated Edison, Inc (NYSE: ED) RSI has been making higher lows. CMF crossed to +ve level. MACD +ve. This stock has been trading in a tight range of $59-$61, making a bullish divergence with RSI, MACD, and CMF indicators. Earning report is on Nov. 2nd.
Sirius XM Radio Inc (NASDAQ: SIRI) I have sold my positions in SIRI last week as I mentioned I am expecting a little correction after the stock hitting $3.00. I was analyzing based on slow STO and RSI. Now the RSI is back to OKAY level. However, when I pull up Accumulation/Distribution indicator. The story is different. A/D line is keep making new high, sending us a bullish divergence on SIRI. According to Bband, prices should find some support around 20day moving average, and it is trading right above it today. Should it make a new run soon, its your call. But I am bullish on this stock on the long run.
Procter & Gamble Co. (NYSE: PG) made a new high today, closing at $70.07. Yield 3.21% on dividends with Beta 0.44. Quite a stock for safety. I might initiate a long position tomorrow on this amid mixed earning report season.
Notable earnings before Friday’s open: ACI, AON, ARLP, AXL, B, CMCSA, CVH, DAN, DLR, EGO, ERIC, GT, HMSY, IMGN, IPG, KKR, LM, LYB, MCO, MRK, OHI, OSK, QSII, TASR, TCB, VTR, WY