>>Anyway, here's the list:
COO
SHFL
QLGC
RMBS
YHOO
FRX
QCOM
EBAY
ERES
ERTS
XXIA
MACR
OSG
CYTC
COH <-- currently favorite stock and largest holding
GPRO
CHS
NTAP
FDS<<
Hi Kevin,
I thought I'd follow up on a discussion we were having pre-motorcycle trip. :-) I've been taking a look at the charts for some of the tickers from your equity list. I thought I'd list a few of the charts that look "interesting". Keep in mind that I'm new to TA, so your more trained eye will probably detect plenty of errors in my analysis. Feel free to disagree, correct, discuss, whatever....
Haven't looked at the fundamentals for all of these. For the moment -- just presenting some of the charts on a predominantly technical basis. I've traded a few of these before, but others are completely new territory.
COO:
Gapped down yesterday. Upon (very brief) review -- looks like they reported 6/07 and lowered guidance. The BBs seem to be contracting a bit, and it bounced yesterday off of the lower BB rail and continued up (slightly) today. What do you think? For a very short-term play -- upward perhaps to the 20 SMA (currently $63.50) (20 EMA is $63.89) or further? OBV, RSI, and WIlliams are pointing in the right direction. The fast stochastic is near twenty, but it's a little fuzzy -- hasn't quite reversed upward.
139.142.147.218
On the other hand, when looking at the full year chart, unless it recovers from the latest "damage" -- it looks like this stock could be in a long-term downtrend that started in March. It's had a bear cross recently, the MACD seems to be rolling over, and it's below the 200 SMA.
stockcharts.com[h,a]dfclyyay[dd][pb50!b200!b20!d20,2!f][vc60][iUb14!La12,26,9!Lp14,3,3!Lg!Lk14]&pref=G
So in the end, I'm not quite sure whether this is good for a short-term long play or better as a short given the "possible" continued downtrend. How's that for decisiveness. Thoughts? :-)
QLGC:
QLGC is a stock I've traded from time to time, although not for the past few months. It's had a nice little run, but there seems to be a lot of resistance above (upper BB rail, 50 sma, 200sma). Do you think it can make it past the resistance?
stockcharts.com[r,a]dfclyyay[dd][pb50!b200!b20!d20,2!f][vc60][iUb14!La12,26,9!Lp14,3,3!Lg!Lk14]&pref=G
139.142.147.218
YHOO:
Another one I trade from time to time. Just had a recent bull cross. The stochastic (5,3,3) and Williams both indicate a buy. On the other hand, it seems like it only has about a point and a half to go (just under $39) before it would meet resistance. Personally, I'd rather get in lower. And let's face it -- I'd rather own GOOG! :-)
139.142.147.218
stockcharts.com[r,a]dfclyyay[dd][pb50!b200!b20!d20,2!f][vc60][iUb14!La12,26,9!Lp14,3,3!Lg!Lk14]&pref=G
QCOM:
We talked about this stock last week. As I mentioned, the adoption of 3G in the next 1-2 years should benefit QCOM in a big way. 2005 looks to be more moderate in terms of growth (compared to what's ahead) so this would be better viewed as a long-term play.
QCOM just met resistance recently at the 200 sma ($38.50). I personally would like to add to my position if the stock pulls back a bit more. The question is, how far might it pull back? The 50 SMA (currently $35.55)? Or do you think it might reverse from here?
stockcharts.com[r,a]dfclyyay[dd][pb50!b200!b20!d20,2!f][vc60][iUb14!La12,26,9!Lp14,3,3!Lg!Lk14]&pref=G
139.142.147.218
EBAY:
EBAY's another one I like to trade sometimes. Seems like EBAY would be a good trade right here (or ideally 1-2 points below for an entry). Do you agree? The Williams and fast stochastic seem to be set up nicely. Today's candle is nearly a doji. :-) Do you think this would indicate a reversal back upwards toward 40? Or do you think it still has further to retreat before heading north?
139.142.147.218
XXIA:
When I look at the weekly chart, it seems like it's time to sell (on a short-term basis). The stochastic (for the most part), Williams, OBV, and RSI all indicate a sell.
139.142.147.218
The daily isn't quite as clear. Actually, today's candle looks a little more bullish.
139.142.147.218
So basically -- I don't know! :-)
MACR:
This one looks like it has more room to go (I think! :-)). Perhaps up to the upper BB rail? Just a few points to reach it -- but perhaps good for a short-term play? The fast stochastic just crossed upwards today -- along with the Williams curve and RSI.
139.142.147.218
OSG:
This one also looks like it should be good for a few points upward. Do you agree? The fast stochastic is about to cross over with Williams, RSI, and OBV making an upward turn now.
139.142.147.218
Here's the two year. Still seems to have an upward trend:
139.142.147.218
CHS:
I'm not sure about this one. It seems like this one is headed down for at least a bit. The indicators portend some downward movement, but the question is -- where will it reverse? There seems to be chart support at its present location -- $34.
139.142.147.218
The 20 sma is at $32.32. There also seems to be a gap just above that area.
stockcharts.com[r,a]dfclyyay[db][pb50!b200!b20!d20,2!f][vc60][iUb14!La12,26,9!Lp14,3,3!Lg!Lk14]&pref=G
Here's the two year chart. Again, the indicators are all looking negative. Having said that, it's made a nice move recently. After a pullback, it might be worth looking for a good entry for another run upwards. What do you think?
139.142.147.218
NTAP:
We've talked about this one. As I told you -- I'm looking to reenter. Seems like last week would have been the time to do so. Bullish candle today. What's your target on this one?
stockcharts.com[r,a]dfclyyay[db][pb50!b200!b20!d20,2!f][vc60][iUb14!La12,26,9!Lp14,3,3!Lg!Lk14]&pref=G
FDS:
This is one of yours right? Nice movement today. Looks like it should keep on going. Since you know this stock -- I'll let you comment further! :-) Besides, I'm exhausted. This post took forever to write! :-)))
stockcharts.com[r,a]dfclyyay[db][pb50!b200!b20!d20,2!f][vc60][iUb14!La12,26,9!Lp14,3,3!Lg!Lk14]&pref=G
I didn't include every ticker on the list. ERTS, for example, had a very unusual chart (at least to my untrained eye). Perhaps it's worth looking at. The BBs are extremely contracted, but they've been that way for quite some time, and the stock seems to be in a very tight range. OK, I guess I'll include it! :-) Here's the chart:
139.142.147.218
Not sure what to make of that!
I suspect my elementary knowledge of TA is reflected repeatedly in this post. I have no doubt that I've made plenty of errors. But hey -- everyone has to start somewhere. Anyway, feel free to correct any errors you stumble across.
Hope you're doing well.
Best -- IHSC |
