Seeking Alpha

Gary Johnson L's  Instablog

Gary Johnson L
Send Message
My Blog: http://gary-investing.blogspot.com/ Twitter & StockTwits: GaryLee_HK
My blog:
Gary Investing Blog
  • Stocks To Watch On 12/14: AAPL, PCYC, RIMM, DAL 0 comments
    Dec 14, 2012 3:48 AM | about stocks: AAPL, PCYC, BBRY, DAL
    Stocks to Watch on 12/14: AAPL, PCYC, RIMM, DAL

    Labels: AAPL, DAL, PCYC, RIMM

    (click to enlarge)
    Apple, Inc. (NASDAQ: AAPL) is trading really close to its long term uptrend on the weekly chart. As I mentioned several times, I think AAPL is now under Elliot Wave C (longest downwards move), crossing the the uptrend I have drawn might send the stock to $500 quickly. MACD and OBV seem to confirm the downtrend. On oversold signal so far.

    (click to enlarge)
    NASDAQ: PCYC. I have mentioned it yesterday that pulling back to the neckline is a good entry level. Today's candlestick is close enough to a "doji". I think we should see a big move upwards soon. I am long at $63 with a tight stop order at $61.00

    (click to enlarge)
    Research in Motion, Ltd. (NASDAQ: RIMM) has been going up quickly this week despite extremely overbought level on RSI and Slow STO. I generally don't like white solders with increasing volume and high RSI reading as it gives a impression to me that the stock is at market top (continuously overbought with too optimistic sentiment) I am still waiting a pullback to $12.30 for entry.

    (click to enlarge)
    Delta Air Lines Inc. (NYSE: DAL) breaks its asymmetric triangle on its WEEKLY chart today with great volume as company says it foresees increasing profits next year. MACD lines crossing above. Long setup here.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: AAPL, PCYC, RIMM, DAL Stocks: AAPL, PCYC, BBRY, DAL
Back To Gary Johnson L's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • How far do you think $HPQ can go?
    Mar 20, 2013
  • Is there anyone looking at $GNIN $APP recently?
    Mar 6, 2013
  • Who didn't $ZNGA jump after New Jersey passing online gambling bill?
    Feb 27, 2013
More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.