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Jeff Pierce
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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
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tradewithZEN
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  • Random Chart Analysis 1 comment
    Oct 16, 2011 12:32 AM | about stocks: WMT, ABEV, VZ, CSCO

    Bullish - After successful retest of lows, this looks poised to make a return trip to upper channel.

    Bearish – Rising bearish wedge is forming and after topping out around $250 should see a correction back to $200. Wouldn’t be surprised to see this split soon (which could coincide with an intermediate top.

    Bullish – breakout of (massive) falling bullish wedge could see this rally although the major trend is down so I would use it as an opportunity to unload shares that have been dragging down one’s portfolio.

     

    Bullish – huge cup with handle forming…could make a serious run here. I believe they pay a nice dividend as well.

    Flat – Bearish – WMT was rejected at resistance and is trapped in a large wedge pattern. Will likely churn and retest the lower channel. A breakout of this would signify a return of the consumer and healthy markets going forward.

    Stocks: WMT, ABEV, VZ, CSCO
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  • *Hysteria
    , contributor
    Comments (150) | Send Message
     
    great analysis---when you've got big name co's like this breaking out it is good for the whole market
    16 Oct 2011, 09:04 AM Reply Like
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