Tuesday, November 27, 2012

VRSK - 200MA may give near term solid support. Stop loss around 47.20.

PCLN - Should head higher. Stop loss at yellow line around 599.50.


NVO - May move higher, depending on if sector can lift higher. Stop loss at around 149.97 (orange line).


MCD -   In distribution. Stop loss around 85.44.



LULU - May head higher. Meanwhile stop loss at around 63.67.




KO - Tighten stop loss to sell at around 36.98. Orange line. Inadequate institutional buying for now.





ISRG - Hold, technical price target 600. Stop loss (orange) around 516.





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.