Category: Company Chart Analysis
The analysis published under this category are as follows.Wednesday, December 23, 2009
Research in Motion (RIMM) Transitioning to New Upleg / Companies / Company Chart Analysis
The stairstep decline in Research in Motion (RIMM) from last week’s high at 72.08 into this morning’s low at 66.45 has the right look of a completed correction of the prior upleg from 61.50. If my work proves accurate, then RIMM should be “in the turn” period now, transitioning into another upleg that will revisit 72 on the way to 74-75. Read full article... Read full article...
Monday, December 21, 2009
Apple Hi-Tech Stock Trading Profits / Companies / Company Chart Analysis
Trading Approach
Identifying fundamentally stellar stocks poised technically to breakout for big profits.
Sunday, December 20, 2009
IPO Basics, Some Things to Consider Before Buying / Companies / Company Chart Analysis
While the market looks toppy here, we're entering a seasonally strong period. There are many IPOs that are worth looking at - look at this week's list for the top performers. The top 3 on the list are stocks you should consider holding.
But the bottom one on the list is a bit more of a risky play, starting to show some strength:
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Friday, December 18, 2009
General Electric GE in Consolidation / Companies / Company Chart Analysis
While I was disappointed that General Electric (NYSE: GE) failed twice to follow-through to the upside from above its December resistance line in the vicinity of 15.90 and instead nosedived to 15.66 earlier this morning, my work argues that the weakness should be considered a correction in the aftermath of yesterday’s upmove from 15.55 to 15.94.
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Friday, December 04, 2009
Apple, a Major Stock Market Rally Leader Falters / Companies / Company Chart Analysis
One of the big success stories in 2009 was the rise of Apple. With its sexy new products like the iPhone, the iPod, and the iMac, Apple has seen its fortunes rise in dramatic fashion.
So what's happening just before the holidays with Apple? Why are we seeing Apple stutter and falter? In my new video, I share with you what I believe is going to happen to one of my favorite markets.
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Tuesday, December 01, 2009
Unfinished Upside for Bristol-Myers Squibb BMY / Companies / Company Chart Analysis
My near-term work argues strongly that Bristol-Myers Squibb (NYSE: BMY) is nearing the completion of its corrective period off of last week’s high at 25.75 into the 24.50 area. Right now I cannot rule out another loop down to revisit 24.50 (last Friday’s low), but if further weakness emerges I will want to enter/add to long positions ahead of unfinished business on the upside that projects to 26.60-27.00 next.
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Monday, November 30, 2009
What is Goldman Sachs (GS) Price Action Telling Us? / Companies / Company Chart Analysis
This is one of the questions I am mulling on a sleepy Monday....
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Monday, November 30, 2009
GE Unfinished on Upside / Companies / Company Chart Analysis
My medium-term work argues that General Electric (NYSE: GE) has unfinished business on the upside to at least 17 and perhaps to 19 in the upcoming hours/days. In addition, my near-term pattern work identifies Nov 4 as a powerful cycle turn (up), which if accurate means that the upmove from 14.15 to last week’s high at 16.29 likely completed the first upleg in a new bull leg, with the Dubai Shock representing a correction of the initial upleg.
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Tuesday, November 24, 2009
General Electric (GE) In New Upleg / Companies / Company Chart Analysis
Based on my pattern, cycle and RSI analysis, General Electric (NYSE: GE) appears poised to enter a new upleg that should propel the stock to 16.80-17.00 next and possibly to new recovery highs above 18.00. In particular, the pattern carved out since the Nov 4 low at 14.15 has the right look of the initial upmove of a new upleg followed by a sideways rest-digestion period (11/16-11/24), followed by today’s upside pivot off of 15.92.
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Friday, November 20, 2009
Bristol-Myers Squibb Looking Higher / Companies / Company Chart Analysis
Earlier this week, Bristol-Myers Squibb emerged to the upside from a two-year base-like accumulation pattern when the price structure hurdled and sustained above 23.80-24.00.
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Thursday, November 19, 2009
Correction in Progress for Ford / Companies / Company Chart Analysis
Those who have watched my work for a while know that I find channel analysis very useful (along with Bollinger Bands in many instances). For me, it is no coincidence that Ford (NYSE: F) hit the upper channel line at around 9.05 and then accelerated 1% above the upper line, which happens to be 9.14, after which the price structure reversed and declined back into the confines of the channel.
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Monday, November 16, 2009
General Electric (GE) Heading Higher / Companies / Company Chart Analysis
Off of Friday’s late-session sell-off to 15.56, General Electric (NYSE: GE) has pivoted to the upside with power and has the right look of a price structure that has entered a new upleg. Let’s notice that GE is approaching a very important resistance area at 16.00/05, which represents the prior rally peak (Nov 10) and the Sep-Nov down trendline.
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Friday, November 13, 2009
Ford in High-Level Congestion / Companies / Company Chart Analysis
All of the action in Ford (F) this week argues that the stock is carving out a high-level congestion pattern that should resolve to the upside in a thrust to 9.00/25 next. At this juncture, only a decline that breaks the recent pullback low at 8.17 will morph the congestion pattern into a deeper correction that projects to 7.85/75 prior to the emergence of another upleg.
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Sunday, November 08, 2009
Stock Market New Opportunities / Companies / Company Chart Analysis
As the market bottoms, it creates new opportunities - here are several.
The Penny Stock Report
There is nothing more exciting then grabbing a penny stock and riding it for huge gains!
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Friday, November 06, 2009
Research In Motion (RIMM) Stock Buyback Chart Analysis / Companies / Company Chart Analysis
"Research In Motion Ltd. (RIMM) will spend up to $1.2 billion to buy back about 21 million of its shares, or 3.6% of its total shares outstanding. The buyback will start Nov. 9 and last for up to one year."
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Thursday, October 29, 2009
Recovery Bounce for GE / Companies / Company Chart Analysis
For anyone watching the travails of General Electric (NYSE: GE) lately, my near-term work argues that yesterday’s low at 14.35 ended the downleg from the 16.91 high from October 14. As of this moment, the lift in GE to 14.75/80 so far should be viewed as a recovery bounce within the confines of a 6-week correction that has an optimal target zone of 15.15/40 – at which point GE will be at crossroads technically.
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Tuesday, October 06, 2009
U.S. Automaker Ford Upside Potential / Companies / Company Chart Analysis
I am keeping a close eye on Ford (F) because it has become the darling of what remains of the American auto business, and appears to have the grit and determination to succeed in a new mean global environment. My medium-term chart work argues that we need to be long Ford soon, ahead of an explosive new upleg that projects to 12.00-15.00 in the upcoming months. My near-term work suggests that I want to be long F as long as the October 2 low at 6.61 remains intact and before the stock hurdles 7.55-.60 resistance – if I do not want to chase it towards 9.00.
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Thursday, October 01, 2009
Is a Divergence Building in Apple? / Companies / Company Chart Analysis
Yesterday I produced a video on how to trade divergences in the S&P 500. Today, I'm following up that video with a divergence I see developing in one of the biggest tech stocks in the world, Apple (NASDAQ_AAPL).
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Wednesday, September 23, 2009
U.S. Automaker Ford (F) Poised to Run Higher / Companies / Company Chart Analysis
For the past seven weeks, Ford (NYSE: F) has been correcting its prior upmove from the July pivot low at 5.24 to the August high at 8.86. On Monday the stock traded down to 6.75 prior to recovering to the 7.00/10 area. In pre-open action today, F was trading up at 7.21/22, largely due to a very favorable article in today’s WSJ entitled, “Ford Makes Push to Boost Asian Presence.”
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Tuesday, September 15, 2009
Amazon, Breakout Stock Treasure Hunt / Companies / Company Chart Analysis
Trading Approach: Identifying fundamentally stellar stocks poised technically to breakout for big profits.
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