chartsinfocus.world
Wednesday, January 2, 2013
Saturday, December 8, 2012
HD - stock uptrend still intact. Stop Loss just below the 50MA. As long as market remains in uptrend, can continue to add.
PM - Stock consolidating. A very tight stop loss will be just below the 200MA. Otherwise, the white line can be used, at around 85.50. Note that if a tight stop loss is broken, you can always re-enter at a cheaper price unless the stock starts to roll over.
CMCSA - Uptrend still intact. However, may set SL below 50MA using a tighter-stop in case the stock rolls over. Remember, you can always re-enter (buy back) at a lower price later if it bounces up from a higher low. If it bounces from a lower low, then the uptrend could be over.
ABV - Uptrend still intact. Stop loss may be set at around 38.50.
AMGN - SL at around 85.
AZO - SL at around 345.
AAPL - Looks like a Head-and-Shoulder pattern in formation. If prices break below 520, the stock may fall much further. Otherwise, it may consolidate and move sideways between 480 and 520 before it can resume higher high.
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