Friday, May 31, 2013

ROST still in range

ROST is still in a range. It roared back today but has to break 66 before one can buy it. Check out my analysis on this earlier too - http://agaptrader.blogspot.com/2013/05/rost-still-in-range.html

MON Short

Anyone played MON? The stock came down from support at 105 and came back 3 bars on 5 min before heading down. This gave an add opportunity to the position and exit at whole numbers.

Thursday, May 30, 2013

INFY swing

I like it here. It has to go above 45 to clear the resistance, but one can start a position on INFY here. This may be a slow mover

AMRN pullback play

This one had a beautiful setup on the 1st 5 min play that I always do. The 1st bar being a good green bar, followed by 2 small pullbacks. Buying above that and adding as it goes in your favor is the way to play it. Memorize this pattern.

RKUS

RKUS is at the bottom right now (looks like), but a pullback from here above 14 can be considered. The moving averages are still pointing down, so cannot enter into a long position yet. You will need a confirmation on this.

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.