kungfuguo

kungfuguo

See chart for explanation

kungfuguo

A series of bullish divergence suggests that the bottom is in for $USO. Time to go long.

kungfuguo

$LUV bottomed out in early July, now has been on a steady bullish run. Expectedly It met with some resistance at $37.5 level (and closed below it today). Overall, it has formed a domed bottom, and likely will form a "cup-and-handle" pattern. I expect this stock to recover to the mid $40 range in a few months.

kungfuguo

Sorry if this is a repeat, but the other chart was not saved... Looking at the historical prices, I think $33.5 is likely a medium term bottom. This is based on couple of reasons: #1: today's candle looks bullish, with fairly strong volume #2: in the previous drops, from the height of each peak to the lows, the percentage of drop is around 33-38%. Currently,...

kungfuguo

Looking at the 1 year data, $38 is a huge resistance area. Breaking and staying above $38 would serve as a strong support, and would lead to mid-term bullishness, however, the volume is dropping. Otherwise, expect to see some consolidation just under $38 or possible bearish reversal. Stay tuned.

kungfuguo

Potential Cup and Hand formation in progress. Resistance at $196. Long March $170 calls.

kungfuguo

Consolidation earlier than I had expected (I was expecting consolidation to occur about $5 higher). $130 is the floor, and $146 is the roof. Expect $146 to be a tough break as it represents multi-year high. Note, SI goes Ex-div tomorrow.

kungfuguo

Looking to challenge short term resistance at $1147, likely to get rejected. Short term bearish. Long term neutral. No position.

kungfuguo

Still holding some longs overnight. Will close all long positions if unable to regain $186 tomorrow.

kungfuguo

Long and strong. Holding Jan 180 calls

kungfuguo

Possible double bottom pattern in progress.

kungfuguo

Looking to challenge (and break) the next resistance at $179 (4/10 high) in a couple of weeks. Medium term bullish.

kungfuguo

Long Jan 180 Calls.

kungfuguo

IBM Looking strong. It break out of the $172-$186 area yesterday. It broke through the down-ward resistance as well as Oct 14's high before the gap. Overall, I think we are cleared to go up to $194, which is the next major area of resistance (Sept high). I think the stock may consolidate a bit either before or after reaching $194, as it will have become...

kungfuguo

Long since $100. Expect long term resistance at $146 to be challenged by Jan or Feb 2014.

kungfuguo

No position. Observation only. Possible long if breaks $186 with heavy volumes, or bounces off support at $173.

kungfuguo

Merry Christmas.

kungfuguo

No position. Observation only.