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Saturday, October 20, 2012

AAPL 6 month




This is a brief alert on Apple Inc. (AAPL), there was major technical damage on Friday 19-October-2012.  Congratulations if you put that stop at 660 on AAPL If you took notice on my 2-September-2012 posting.  It looks like it's going to retest the 600 mark; however, taking a closer look,it broke through Tier 1 support of $622.57 on 1.6x volume.  The other technical damage was that the bullish Trendline uptrend since mid-May has been violated.  The prudent trader would probably sell on any upticks and look to re-position themselves at either Tier 2 support of $567.71.  

Thursday, October 11, 2012

GFI 6 month chart.




Gold Fields Ltd. (GFI) reference points:

1)  Support Trend Line:  $11.75

2)  Resistance at $13.25.

3)  Bearish pattern of lower highs:  $14.06 --> 13.93 --> 13.54


Tuesday, October 09, 2012

AMZN 6 month Chart



Amazon.com Inc. (AMZN) reference points:

Support Trend Line: $240.83.

Short Tier 1 (if there is a close below trend line):  $232.25

Short Tier 2 (and "Fill The Gap"):  $196.00

Thursday, October 04, 2012

ARUN 6 month chart





2 month upward trend of Aruba Networks, Inc. (ARUN) was broken on 20-September-2012.  This stock looks like a short to fill the gap.

Tuesday, October 02, 2012

PNR 6 month chart





Pentair, Inc. (PNR) looks like it's starting to receive some resistance at mid-40s.  Although very minimal in terms of cents, looks like a series of lower succession highs on 30-July, 21-August, and 28-September.