Tag Archives: NOK

STOCKS TO WATCH DEC 07: MRVL, NOK, WMT, XOM, AAPL

Posted on December 7, 2012 by cl117692

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 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.

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STOCKS TO WATCH ON DEC 06: AAPL, EDU, IDCC, NOK, SPY

Posted on December 6, 2012 by cl117692

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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. 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.
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