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s7c
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I'm from Romania, living now in Chicago. i have an engineer degree but i'm interested in more freelance opportunities type of business. so with that in mind i started to trade options...my analysis is based on the "psycho-technical" side(Auction Market Theory, Volume Spread Analysis,... More
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freeyouroptions
  • Stocks To Watch: FB, MCD, MSFT, NFLX 0 comments
    Apr 1, 2013 4:01 AM | about stocks: FB, MCD, MSFT

    FB

    ->on 27th we found some buyers at previous demand area but based on Auction Market Theory principles the profile for that day resembled with P letter reflecting a potential short covering rally instead of new buyers. on 28th we had a sell off and the POC moved lower and closed the day on the low, making a poor low(meaning we need to revisit the area).

    MCD

    ->failed to close the gap and now retest the highs, I'm not sure though if we really have new buyers or just some capitulation off the sellers who thought it's a good idea to sell the gap. so we have some potential short covering rally and some kind of test on weekly chart. could we see some rally?

    (click to enlarge)

    MSFT

    ->this could be the start of a new rally, we have on Thursday a healthy move with high volume and high value ? since November last year we have 2 overlapping high value areas which means we have allot of auctions rotations and now market decided to go look for acceptance higher which if is accepted could have a high amplitude move. i would love to see a down day on low volume(test) and after i would initiate a long strategy when we retouch the high of the test day.

    (click to enlarge)

    NFLX

    ->i'm still bearish and could have a better entry now. if you check my previous posts you will see what i mean...

    Stocks: FB, MCD, MSFT
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