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AAPL: Melt up to come, similar to earlier 2012 ? If it can close the week with positive tone http://bit.ly/NpdUnN Aug 16, 2012
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AAPL: Last hour relative strength weaker than market - watch out ... Aug 14, 2012
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QCOM Daily Chart: 80% chance reaching $67.50 by October http://bit.ly/RLgl96 Aug 12, 2012
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midas4longterm on AAPL: Waiting And Be Patient Agree 100% Bad News is baked in and REAL NEWS =...
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BreakoutTrader on AAPL: Waiting And Be Patient Oh, and good luck to pigs too :-)
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BreakoutTrader on NOK Nokia: Turning Around ? Take a look at 1-hour chart. NOK's 1-hour price...
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Content seeker on NOK Nokia: Turning Around ? If it wasn't for everyone on the street, TV &am...
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Posts by Themes
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AAPL: Waiting And Be Patient
In the StockTalk posted Monday 4/16 before market opened,
I pointed out that AAPL stock price faced the first real serious
challenge since the uptrend started on 12/5/2011. I must
admit that although I did expect AAPL to go down, but
certainly did not expect its price to drop so quickly. As of 4/23
close, it is down 5.5% since close of 4/13 vs S&P 500 which
is down 1.3%.
The following daily chart shows AAPL has a indecisive
doji pattern on 4/23 and is also near support.
(click to enlarge)
AAPL will report earnings after market close today (4/24).
So one of the most anticipated earnings announcement is
less that 12 hours away, and the earnings results may
determine the direction of AAPL's next move. Good luck to
every bulls and bears :-)
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Additional disclosure: I may initiate a volatility based options position in the next 72 hours.
AMZN Amazon: On The Move
since mid-January. It broke out of that trading range on 3/26 with
above average volume and continued to move up with increasing
volume until today (3/28). It pulled back with less volume today in
a down market day and closed at 201.16.
The following weekly chart shows, although the week is not over
yet, first sign of a possible uptrend as identified by the last green
bar in the middle pane. AMZN has also started outperforming
market index S&P 500 (green dots on the lower pane) in strength
since last week. This broke the underperforming relative strength
trend (red dots on lower pane) since the week of 10/24/2011.
The following daily chart shows a channel AMZN may follow to
move higher. It was near the upper channel line yesterday and closed today near the middle channel line. On a daily basis, it
appears that AMZN has broken out of a 3-month trading range
sinc January. Momentum and volatility are also on the rise.
Barring any negative news events and general market weakness,
AMZN could continue its move higher.
Disclosure: I am long AMZN.
NKE Nike Inc: Near Support
NKE has been in an uptrend since it bounced off the $78 to
$79 area in August 2011. It closed at $107.88 on 3/27.
The following daily chart shows it is currently near the $107
support area which was the resistance area in February. It
is also at the bottom of an uptrend channel started on 8/9/11.
Watch NKE to see if it can break above recent $109 resistance
area.
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in NKE over the next 72 hours.