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
  • 6 Stocks On Watch For Today 0 comments
    Jan 29, 2013 6:15 AM | about stocks: AAPL, ANR, CAT, FSLR, NOK, ZNGA
    6 Stocks on watch for today

    Labels: AAPL, ANR, CAT, FSLR, NOK, ZNGA

    (click to enlarge)
    Even though Apple, Inc. (NASDAQ: AAPL) has bounced back 2.26%, closing at almost $450.00, it failed to close higher than the opening price of the previous day and reached a low almost as low as yesterday's low. The outlook from this kind of short term candlestick pattern is usually bearish. Percentage of institutional ownership has already fell to 67% while it was 70%+ half an year ago. As mentioned, I still short AAPL, targeting $400.00.

    (click to enlarge)
    After I mentioned Caterpiller, Inc. (NYSE: CAT) in yesterday's post, CAT really jumped almost 2% after touching centerline of Bbands, MA(20). It is a full formation of a double bottom pattern with a breakout and pullback to the neckline. I have a target of $100.00 in the short run as we are reaching a major psychological resistance, but I believe CAT has no problem with getting back to the $115 level as in early 2012 in the long run.

    (click to enlarge)
    Alpha Natural Resources, Inc. (NYSE: ANR) has fully formed a head and shoulder pattern with a breakout below $9.00. MACD is about to cross below zero. The outlook is very bearish even though golden cross might be coming anytime next week.

    (click to enlarge)
    First Solar, Inc. (NASDAQ: FSLR) touches MA(20). Should it find support from MA(20) and start another round of appreciation? Keep FSLR on your radar. I remain bullish on FSLR unless it closses below $29.00.

    (click to enlarge)
    Nokia Corp (NYSE: NOK) Told you to be patient on NOK. The recent fall is just people taking profits. NOK has found support from its uptrend and trading as high as $4.35 yesterday. As mentioned, I would be shocked if NOK dropped below $4.00.

    (click to enlarge)
    Zynga, Inc. (NASDAQ: ZNGA) jumped 14.06% yesterday after touching its lower band of the upwards channel, making ZNGA closing above its gap $2.75 in one day with HUGE VOLUME. I am bullish on ZNGA but might consider selling partial positions when it touches $3.0.

    Please also follow me on Twitter for receiving updates during trading hours.

    Thank you for visiting,

    Gary Investing Blog

    Disclosure: I am short AAPL.

    Themes: Technical Analysis Stocks: AAPL, ANR, CAT, FSLR, NOK, ZNGA
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.