Thursday, May 30, 2013

BIG support

BIG came back strongly up from support at 34, but I need to see it settle above 36 before I get it. It may test 200 day moving avg if today's move does not last long. Wait and watch before jumping in.

FB swing

FB - I had called support levels on this stock and had mentioned that these are good places to buy this stock. I am not yet convinced it is ready to go up, but today's move is nice.
25 is the testing area, above it, this will hold and will go up.

BTU short on pullback

BTU did an excellent pattern on the 5 min for a pullback short. The 1st 5 min bar fell too fast too quick to get in, the next opportunity came mid way after 3 bar retracement and shoring it to prior low of the day, will give some change.

Wednesday, May 29, 2013

PEP swing

This is also following KO as shown on the prior chart before. This one also has lots of support. ALl these have gone up a lot, so a bit of profit taking is happening on slow down. IT can test all the way to 74 if it falls.

KO under support

KO is under support now, it broke 42 support line, next support is at 41 and then 40 and then at 38.7 on 200 day moving avg. Lets see where this goes. Hold off buying it till then.

ROST still in range

ROST has been unable to break the range. Testing it and is still holding. If this one pops, it will be good, to 70, else this may fall to 61-62 testing the 200 day moving avg. Wait and watch, do not buy it yet

FDX will test 200 day moving avg

FDX looks like will test 200 day moving avg on the daily which is about 95. If this holds, it will test 100 again. If not then most likely it mag go to 85-90 range. Will have to wait and see
Do nothing right now