DRP37

DRP37 Updated 

As the pennant formation narrows, the ichimoku is shaping up for a potential bullish signal.

DRP37

Watching for $NOK to test the bottom of the regression channel which will be between the 38% and 50% fib retrace through FEB. If it can hold at those supports, then we'll be back on the LONG track.

DRP37

I'm watching for a repeat of what occurred SEP-OCT 2012 as $NOK consolidated. Wait for it to get closer to the next earnings report.

DRP37

Ford busted R1 with good volume and is approaching R2. Looks due for a pull back to R1 as a new support line.

DRP37

Looking for $NOK to pull back. Watch Fib spt at 3.53 and then at 3.29. Next qtr earnings report coming 24 JAN 2013.

DRP37

Ford daily chart is forming an RSI divergence starting back in September 2012. The climb over the last week was on weaker volume. I'm looking for a small pull back watching that $10.50 support line.

DRP37

Weekly chart is flirting with the 50 MA and the last horizontal resistance before the $5.00 horizontal resistance. Also, if you move to the daily chart, NOK just broke the 200 MA. There were reports about the major banks picking up shares of NOK and I think this in anticipation of NOK's first positive quarterly report in a long time coming the next time they report.

DRP37

RSI(10) bullish convergence forming. Seeking one additional indicator to reassure that NOK is turning it around. Potential entry points on the horizon with 2x ATR as a stop.

DRP37

Looking forward to the next QTR earnings report coming up on 11MAY2012, it appears we're seeing some profit taking. From what I've read, it doesn't appear to be anything more than the pre-earnings jitters. Possible for it to hit the $2 support line and wait for the earnings report. I do not have a position in RTK, but do lean to the bullish side at the moment. ...

DRP37

I think we're still in a wait and see position here. There are no technical indications that the stock is reversing its bearish streak. It may take this next quarter, even the one after that, to see if there is any traction. I suspect we'll see $3/per share and a period of trading around that mark at least until the next quarterly earnings report.

DRP37

March through April saw a bit of a correction for the up-trend from Dec-11 to early Mar-12. Additionally, earnings reports were on the horizon for AAPL (one of SWKS larger customers) and SWKS, in that order. Contrary to many predictions, both AAPL and SWKS beat expectations and forecast the next quarter to be more of the same. SWKS saw a $4 jump in the course...