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  • 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.

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