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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.
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