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Gary Johnson L
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  • 12/18: DDD, CECO, AAPL, S, NOK, ARNA 0 comments
    Dec 18, 2012 9:41 PM | about stocks: DDD, CECO, AAPL, S, NOK, ARNA
    12/18: DDD, CECO, AAPL, S, NOK, ARNA

    Labels: AAPL, ARNA, CECO, DDD, NOK, S

    (click to enlarge)
    Arena Pharmaceutical (NASDAQ: ARNA) breaks above its widget / asymmetric triangle. Volume decreases during the formation of the pattern and it is now picking up. On watch for big move. I think its uptrend will be continuing very soon. If you long ARNA now, I suggest stop at $8.77.

    (click to enlarge)
    Nokia Corp (NYSE: NOK) is trying to reach major resistance at $4.60. MACD +ve. I have mentioned why I am bullish on this stock in my previous posts. I mention it again today because I have saw a tweet on stocktwits that suggest the action on NOK now is similar to Sprint's from $2 to $5. I have attached Sprint chart below for you to review. I don't see much similarity. But I definitely see a bottom formation on NOK and I have a short term target of $5.00

    (click to enlarge)
    (See Above)

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    Apple, Inc. (NASDAQ: AAPL) is recovering very least volume. MACD still falling. Notice that despite the little bounce back, RSI recovers to 42.40 which is not a good sign as most downtrend find resistance when RSI reach 50.00. I remain bearish and I still short AAPL.

    (click to enlarge)

    3D System Corp. (NYSE: DDD) has made a new 52w high today. Up 7.21%. Huge jump. I have liquidated half of my positions because previous breakout has dropped significantly immediately. I sold my shares so that I can get on the boat again on a discounted price. In the long run, I think DDD uptrend is very very strong and also a interesting industry with great potential to invest in.

    (click to enlarge)
    Career Education Corp (NASDAQ: CECO) jumped 14% during after hours due to several new service contracts.I think it could be an good bottom play candidate. However, the technicals are not good enough in my eyes.

    Disclosure: I am short AAPL.

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