VRSK - 200MA may give near term solid support. Stop loss around 47.20.
Tuesday, November 27, 2012
Monday, November 26, 2012
AZO
Please note:
1. Chart pattern basing, likely to breakout higher
2. Hence, loosen stop losses so more room for stock to move, without getting whipsawed.
3. Stop losses to use can be the 2 orange lines.
4. Industry line (blue) also looking ready to bounce higher.
5. OBV (orange line in volume pane) also trending higher recently showing increasing demand - bullish
6. 50MA crossing over 200MA - bullish
Tuesday, November 13, 2012
AAPL
(weekly chart : long-term uptrend intact, though sub-industry trend [yellow line] may experience double-top, near term bearish)
Pivot Low 533 (Stop Loss 1)
S1 516 (Stop Loss 2)
S2 480 (Stop Loss 3)
AAPL
(daily chart : near-term downtrend, as confirmed by broken 200MA and sub-industry trend [yellow line] showing relative weakness)
Technical Buy Point 1 > 555.50
Technical Buy Point 2 > 566
* Capitulation (selling) in recent days likely lead to rebound.
* Lower risk if re-enter after a base is formed, especially given tough market now, rather than on first day of rebound.
* Lower risk if re-enter at Technical Buy Points 1 & 2.
* Risks remain high (until further basing) so scaling in with small positions preferred to large ones, given current market and S2 of $480 where price may technically retrace to.
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