This post is related to my previous post which listed US Steel as a short candidate (please view attached post). We had stated that US Steel would drop down to the 23 level at the very least. On Friday, the stock traded through our target thus fulfilling our expectation.
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This post relates to my previous post regarding Apple where we felt that Apple would continue higher and reach the 627 level. That level was reached during yesterday's trading session hence accomplishing our anticipated target price.
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The value of investments may go down as well as up and you may not get back your original investment. Past...
This post is in relation to the post made a few days ago on Facebook. In that first post we advocated that the stock would likely see some upside momentum and would hit the 63 level. The stock did indeed surpass the 63 level in yesterday's trading session.
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The value of investments may go down as well as up and you may not get back your...
The previously mentioned target of 51.30 was reached on Friday as the stock had very nice upside closing at 51.73. Mission accomplished. On to the next trade idea.
Cedar Fair is trading in a range between approximately 49.50 and 52.50. The stock is at the tail end of a two week down move and is currently trading at 50. The MACD histogram is beginning to trend higher and the stock seems poised for a move to the 51.30 area at the very least. A reaction move higher seems due (worst case scenario) and there is also a...
Two big volume down days have pushed X's price down substantially. I expect carryover downside momentum to take the stock to 23 at the very least and break the previous support area. MACD histogram aggressively trending down and the Bollinger bands are expanding indicating further downside movement here.
The value of investments may go down as well as up and...
BBY seems to be resuming it's slide here. Two relatively big volume down days with the price under the moving average ribbon and the MACD crossing negatively is a precursor for further downside action. I am expecting the stock to reach the 23 area at the very least.
The value of investments may go down as well as up and you may not get back your original...
Apple seems poised for more upside in the coming sessions. MACD histogram is ascending and the high from May 6th has been surpassed. Looking for a move to 627 from here at the very least. For you pattern recognition guys and gals, the chart is sporting a very nice cup and handle formation here which is usually a precursor for a powerful move to the upside.
The...
Facebook has been experiencing a multi-week pullback / consolidation phase and seems poised for a resumption of upside momentum. Three days of upward price momentum with increasing volume is indicative of this. MACD keeps inching closer to positive territory with multiple positive divergences and the price is crossing over the moving averages. I would expect...
