I have always been very good at stock picking, this is one of the examples...I think it is a bit extended now for anything but day trading, however this stock is NOT done. watch for good base to enter..use excellent risk management cause what goes up fast comes down fast
While trading within a well defined trend, touching the resistance of the trend the stock rushed down and currently consolidates with a low change (compared to the previous 2 day selloff) at a strong resistance point. Should resistance hold, it is possible to break up to 19. As Vince noted, once it broke off the 14 range, it went straight up to 18. Yet still, the...
This stock is a great candidate in fundamentals with a great technical set up, it has used it's 10 week moving average (50 day) for a long time showing buying, the recent correction has created a cup/handle base with a buy at 71.96 area...the potential is at least the bottom of the cup to the handle turned upside down in points 6 points, however it could run much higher
AAPL has hit a home run with the 4 key elements seen on chart. Due to the 700 level in 2012 that is the target it could easily get there by the June 2 split date. After the split there will be a great deal of shares and could drop after the split. Depends on many factors..I will sell prior to split and look to re-enter after if makes sense. See my earlier post...
200 dma bounce and support, weekly looks good may be worth a longer term trade…..technically suggest checking the fundamentals to insure earnings growth