Stock chart analysis of KG
July 27th, 2008 richkI have noticed nice chart of KG. You can see that this stock is going to try to make breakout of 12 - 12.50 area. Target area is in 16 - 18 area.
Using technical analysis for my realtime stock chart analysis and best stock picks for stock trading
Some biotechnology stocks look bullish in current situation
June 28th, 2008 richkI noticed relative strength in Biotechnology sector.
Here is one example of nice bullish stock chart for possible long swing trade strategy.
Pullback can be used for entry of stock trade with good risk:reward ratio.
NYB Stock chart analysis
June 16th, 2008 richkFinancials are not very popular during last year. But not all financial stocks are hated. Some of them are attracting investors and very quietly going up.
NYB is one example. Notice that this stock is in healthy uptrend . Bullish stock chart pattern is forming on daily chart - bullflag.
And there is bullish stock chart pattern - cup - on this weekly chart.
Is WYNN going to drop again ?
June 5th, 2008 richkI monitor WYNN stock for few weeks already. I noticed on weekly chart that WYNN formed huge Head and Shoulders stock chart pattern. Right shoulder is also presented on daily chart by big pennant stock chart pattern.
During last few days WYNN is trying to break from this pattern. Situation is telling me that new drop to 80 area is very possible. I opened small short position already and will add in case of confirmed breakdown .
I am surprised by market action
May 15th, 2008 richkWell, I did not expect todays strong rally after yesterdays negative performance. Markets are mixed . What to trade ? Definitely Nasdaq100 is long biased - big technology stocks are leading market.
On the other side there are several laggards. Stocks like CME or DNA look weak and are possible stock pick for short into rally near important resistances.
KMB looks heavy
April 27th, 2008 richkI noticed this stock after my 52week low scan produced results today. This stock is looking like nobody is interested in buying . It is consolidating near local support level in 63 area. Possible breakdown of this support could lead easily to move to 60 USD area
Bearish on COP
April 7th, 2008 richkI cannot help myself but I am still more bearish then bullish on US stocks. So I look for shorting opportunities.
One example is Oil stock COP. It presents relative weakness to Energy sector. I think that COP could be first dropping hard if there will be sign of some weakness in Energy sector. Therefore I am monitoring this stock very closely.
Energy and Oil sector look tired
March 27th, 2008 richkI monitor XLE for possible short trade as I feel from XLE chart that it can drop down hard. I probably will use DUG - UltraShort Energy Sector ETF to this swing trade.
And XOM and COP stocks in this sector are laggards. Here is chart of COP. There is forming head and shoulders chart pattern. Bearish indication. Any move into 78 - 80 area represents nice short opportunity with very good risk reward ratio. Possible targets for such swing stock trade or position trade could be near 60 USD area.
ETR bearish stock chart pattern signalize trouble
March 25th, 2008 richkDuring my todays after market stock chart analysis and ETF chart analysis I noticed bearish development in Utilities sector.
And ETR stock chart is very good example. There is bearish chart pattern visible on the chart. It offer nice short swing trade setup.
Also ETF chart of Utilities sector ETF (XLU) is bearish with heavy press on important support.
AKAM swing short setup
March 19th, 2008 richkI have AKAM in my watch list for possible short trades. I just noticed that its chart looks promising and AKAM could make drop to 26 area.
