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Hi All: I´m an individual investor that´s writting a blog for Spanish readers about North-American Markets, to share information and investment ideas in the other side of wide Atlantic. Improving knowledge about NorthAmerican markets to Spanish investors will help to improve confidence to make... More
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  • Exxon Mobil $XOM Drawing A Ladder On A Complex Bottom Pattern..

    Good Morning:

    I would like to highlight the last XOM technical analysis setup.

    After last 52 week highs XOM started a wild pull-back, nearly 11% down from highs. Too wild, too fast...

    Last "in line.." XOM´s earnings report made what i called a surrender bottom pattern from weak hands with heavy volume. Technical analysts call this kind of bottom patterns "Ladders".

    Three down days each one opening and closing lower than the previous day, a bottom Inverted Hammer and the last is another one with higher price action confirming bottom is reached.

    As you can see in Stochastic oscillator, XOM´s extreme oversold condition and STK´s lines start to cross up from the downside band, a signal that could lead XOM to get a nice upward reversal.

    Swing trading Long XOM with a tight stop-loss filtering one point down from lows with a Us.$100 primary target will be a nice trading.

    Best wishes.And have a nice Swing-trading..

    (click to enlarge)

    Disclosure: I am long XOM.

    Tags: XOM, Oil, gas, energy
    Feb 09 6:21 AM | Link | Comment!
  • Intel Corp. (INTC) Forming A Long Term Bullish Inverted Shoulders/Head...

    (click to enlarge)Good Afternoon:

    As a technical Chartist investor I like to choose for my portfolio the companies that offers the best reward/risk ratio for my long term holdings, and this time I would like to mention Intel Corp. (INTC). A company with strong financials, better dividend and a curious and clear divergence between short and long Chartist patterns.

    We can see INTC in the short time frame as moderate overbought after recent run-up (daily charts). But if you change the photograph to longer time frame graphs (monthly charts) the perspective favors long term investors, ´cause we can see a company forming a nice bullish Inverted Head/shoulders Chartist pattern with a heavy oversold condition watching %Williams oscillator, and with a healthy accumulation on OBV indicator.

    As a key note to INTC´s near term bullish development, INTC needs to break dynamic resistance (orange line) to confirm second shoulder.

    As you can see, different time frame Chartist views change dramatically the patterns of this undervalued company; so I recommend buying every dip in the short time frame and profit being Long for portfolios with long term perspectives.

    Have a nice day..

    Disclosure: I am long INTC.

    Additional disclosure: Long ideas Tech Semis

    Mar 16 5:08 PM | Link | Comment!
  • Intel (INTC) Recalls Its Place In The Sun In Mobile Arena

    (click to enlarge)Good Afternoon:

    I love Intel (INTC). This company is leader in semis. It has an excellent fundamentals, strong financials and a nice dividend at today market price level, is a endurable cash cow and is dirty cheap..

    Intel has a discount Vs. peers ´cause until last year wasn´t develop a wide range of microprocessors to mobile industry, but things could change very quickly, after Intel news that they will fight mobile arena with new double core processors to smartphones playing Android S.O. So with the expertise of INTC in that business I won´t dude that they will compete fierce to get a place in the Sun in that business.

    Tech. speaking INTC is navigating over a bottom line with heavy trading volume, and it seems to be forming a Chartist Inverted Shoulders/head long term formation, so it could be a nice business get into this undervalued company and put some chips on your portfolio for the long term.

    Have a nice week-end

    Disclosure: I am long INTC.

    Feb 02 3:53 PM | Link | Comment!
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