Tuesday, June 11, 2013

KO testing support levels

KO is testing support levels. It can test these levels and 200 day ma is at 38.79.
Here is what I had said before on this stock - http://agaptrader.blogspot.com/2013/05/ko-under-support.html

Hold off buying this till it gives a clear indication on what it wants to do. Patience is required.

RL analysis

RL has support at 170 and 165. The 20 day MA looks like going below 40 day MA on daily chart. If that happens, then the stock may test these support levels. This is a good stock to owe in this good market. Buying at the right time will get good rewards.

INFY swing

INFY went down big on earnings in April, It is consolidating and has not yet recovered from the big drop. It has dropped to this level even before as seen on weekly. Above 44 is a good buying opportunity. This is a good blue chip company to get in.

HLF testing 200 day MA

HLF testing 200 day moving avg now. It is also a good support area on daily. If this holds I am a buyer above 45. But I think this may fall and test 40. Lets see. No action as of now.

TSLA below 100

This one is below 100 again today. I dont like it. It just made a lower high this time. The fact that 100 did not hold is a big factor. I will be cautious on this trade now. The issue with TSLA is that it is very volatile and moves a lot intraday. Above 100 I am a buyer of this again.

WDAY testing support

This dropped big time today and has a good chance to test 60 and 57. If it holds that level, then it may see a bounce. What I do not like about this stock is the moving averages on daily is not looking good. The 20 day ma has started to go down and if it dips below the 40 day ma, it may go further down. Another area is 55 on this stock. Let's see how it works.

FSLR gap

FSLR is gapping down pre market to below 50. Gapping right now at 48.5
This is below the support level and I think this will test 45. The moving avg looks nice, so have to see how this works out. If it starts to show strength again close to 45, then this is a good long candidate.

I like it so far, wait and watch.