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Tag Archives: technical analysis
Stocks to Watch on 12/10: M. QQQ, SPY, WFC
Macy’s Inc. (NYSE: M) has experienced some strong action in the previous trading week. OBV is upticking quickly yet the prices seem not following accordingly, not enough for the least. Friday’s close was back above its mid-term uptrend (since Aug). Some acceleration on MA(50) & MA(200). I think the uptrend still enacts and I have a short term target of $42.00 on Macy’s.
NASDAQ QQQ: moved lower this week amid weakness and concerns on Apple (NASDAQ: AAPL) – the largest and most influential component of NASDAQ index. The index is now trading below its 50-day MA, as well as 200 day’s. Death cross is about to hit QQQ, signalING a shift to a bear market. For those who are bullish, watch for a breakout above both MAs with huge volume. For those who are bearish, watch for a breakdown below the key support level around $64.30. If it breaks below, I have a ST target of $62.00.
S&P 500 ETF (NYSE: SPY) moved slightly higher than last week. Friday’s close was briefly above 50-day MA. OBV is back to the level where we experienced high index level (Index: 1460-1470 or $146-$147). Next support: $137.97. Next resistance: $147. As we are in the middle between next support and next resistance, the coming trading week is very important to the market outlook. Bulls: watch for prices sustaining above 50day MA or a break above $143. Bears: watch for break below 50day MA with high volume.
Wells Fargo & Co. (NYSE: WFC) roughly breaks its ascending triangle (this time, I connected closing prices instead of high and lows) with relatively low volume. Bbands are widening and pointing up. I think breaking above last major support $33.35 could trigger even more upwards action.
Twitter: GaryLee_HK
Posted in Uncategorized
Tagged apple, finance, ideas, investing, investment, NEWS, papers, Stocks, technical analysis, technology, trading
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STOCKS TO WATCH DEC 07: MRVL, NOK, WMT, XOM, AAPL
Labels: AAPL, MRVL, NOK, WMT, XOM
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
Posted in Uncategorized
Tagged AAPL, bonds, chartist, equity, finance, interests, investing, investment, market, MRVL, NEWS, NOK, Stocks, technical analysis, technology, trading, wall street, WMT, XOM
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Stocks to Watch on Dec 03: AMD, BAC, CLWR, IDCC, TLAB
Stocks to Watch on Dec 03: AMD, BAC, CLWR, IDCC, TLAB
Advanced Micro Devices, Inc. (NYSE: AMD) slowing the downtrend. Looks good on MACD. Watch for big action as price touches upper Bband with bands widening.
Bank of America (NYSE: BAC) moves follows the channel well. BAC also outperforms other banks’ stocks, such as JPM, C, etc. CMF is recovering. It finds some great support from 50 day moving average. OMV is moving up quickly with very little price appreciation. BAC is on my radar.
Clearwire Corp (NASDAQ: CLWR) broke its ascending triangle on Friday. ATR is upticking, Bband is widening with price closing above its upper band. Bullish Slow STO signal. I look forward to more price appreciation throughout the coming trading week.
InterDigital, Inc. (NASDAQ: IDCC) is closing around its recent high. Watch for a breakout above $43.09 for entry.
Tellabs, Inc. (NASDAQ: TLAB) I got some luck on this stock. I posted my bullish view on this stock on my Wednesday Nov 28’s post, but I did not expect a huge price appreciation that huge and quick. CEO is trying to boost its stock price by paying a $1 special dividend. According bird-in-hand theory, this stock should rise $1 above its price before the price on dividend declaration date, which would be around $3.80 (adding from previous day’s close) I still long this stock.
Stocks to Watch on Nov 30: APP, APPL, GDOT, NFLX, TIVO
Stocks to Watch on Nov 30: APP, APPL, GDOT, NFLX, TIVO
American Apparel, Inc (AMEX: APP) formed a shooting star today, which could be bearish. But, since MACD is just crossed and CMF is recovering. I think the 200 day moving average should give a decent support. APP is on my radar.
Green Dot Corp (NYSE: GDOT) has filled the previous gap, not far away from $13.59 high. Crossing $13.59 would send the stock on fire. Mind for high RSI reading thou.
Netflix, Inc (NASDAQ: NFLX) broke the ascending triangle from below and CMF crossed below, which are bearish signals. I have already sold my shares.
TiVo, Inc (NASDAQ: TIVO) Its first time not to drop after earning reports since 2012 Q1. Nice jump today with huge volume. Bbands is widening with accelerating CMF reading. Long setup. Congras for those who follows my twits.
Apple, Inc (NASDAQ: APPL) today has opened, as well as closed above the little pennant formed, a sign for trend continuation. My short term target of $620 still holds. However, mind for a 50 moving average cross down.
Stocks to Watch on Nov 29: DDD, GRPN, TLAB, APP, TIVO
Stocks to Watch on Nov 29: DDD, GRPN, TLAB, APP, TIVO
American Apparel, Inc. (AMEX: APP) have closed above $1 benchmark at $1.02. However, today’s candlestick is a harami. I expect a pullback to $1.00 before any further action; therefore, $1.00 could be a great entry level.
3D System Corp. (NYSE: DDD) jumped 6.90% made a new 52w high with decent volume, breaking above the channel I have drawn yesterday. Trend is accelerating as mentioned. A touch of upper Bband after a consolidation signals an uptrend continues. I still long DDD. I have moved my stop up to $45.00.
Groupon, Inc (NASDAQ: GRPN) My outlook stays the same for this stock, as a bottom play candidate. Please refers to my yesterday’s post for more. My next ST target is $5.00 (just a round number before previous high $5.50)
TiVo. Inc (NASDAQ: TIVO) has made a new high today, reporting Q3 results with surprise. Again, as in DDD, after a narrow Bbands, a touch of the upper band signals an uptrend. However, TIVO declines by 5% after hours, so definitely, put it on your radar to see how TIVO performs tomorrow.
Tellabs, Inc (NASDAQ: TLAB) As I mentioned on Nov 20, I long TLAB based on the following
“(1) Parabolic SAR shows a uptrend is upcoming.
(2) MACD is going to cross over, very possibly, tomorrow.
(3) Double bottom pattern on BB.
(4) RSI is at oversold level.
My short term target for TLAB is $3.00, which is a round number and the previous high”.
Now, the stock is closing close at $2.98, roughly breaking the downtrend. If $3.00 psychological point is crossed, my next ST target will be $3.11. Congratulations for those who follows me and traded TLAB.
Posted in Uncategorized
Tagged analysis, APP, cfa, DDD, GRPN, HOT, ideas, NEWS, personal finance, stock, Stocks, technical analysis, tivo, TLAB, trade, trading, wall street
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STOCKS TO WATCH ON NOV 21: GRPN, RIMM, TLAB
Stocks To Watch on Nov 21: GRPN, RIMM, TLAB
Groupon, Inc (NASDAQ: GRPN) had a strong move today, up 8.53%, closing at $3.37. Parabolic SAR shows a new uptrend is coming. Watch out for bullish MACD crossover. I have a short term target of $3.68 which fills the gap formed earlier this month.
Research in Motion Ltd (NASDAQ: RIMM) has continued its strong uptrend after breaking out yesterday with ascending volume. ADX is ticking up. Again, I believe the stock is reversing.
Tellabs, Inc (NASDAQ: TLAB) jumped 2.21%. I might initiate a long position tomorrow due to the followings: (1) Parabolic SAR shows a uptrend is upcoming. (2) MACD is going to cross over, very possibly, tomorrow. (3) Double bottom pattern on BB. (4) RSI is at oversold level. My short term target for TLAB is $3.00, which is a round number and the previous high.
Posted in Uncategorized
Tagged buffet, day trader, equity, GRPN, investment, long, portfolio, retirement, RIMM, stock, Stocks, technical analysis, TLAB, trading, trading ideas, trend reversal, value buy
2 Comments
SOCKS TO WATCH ON NOV 20: DDD, RIMM. AGNC, SPY
Socks to Watch on Nov 20: DDD, RIMM. AGNC, SPY
American Capital Agency Corp (NASDAQ: AGNC) Told you on AGNC reversing (yesterday). Now, Watch for MACD histogram crossover.
3D System Corp (NYSE: DDD) seems an uptrend is firm with 4 troughs connected in a ascending prices. My target, for now, is $46 through extending a parallel line to make a channel.
Research in Motion, Blackberry (NASDAQ: RIMM) broke the bullish flag last Friday and filled the July’s gap and made a new high at $9.59 after previous one at $9.17. My next short term target is $10.00 but I think the stock is reversing.
S&P500 (NYSE: SPY) Told you yesterday that there would be a move very soon. Just another update, On Balance Volume shows the stocks might be underpriced right now.
Posted in Uncategorized
Tagged DDD, RIMM. AGNC, spy, Stocks, technical analysis, trading
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