Wednesday, June 12, 2013

ULTA play

Though I called ULTA correctly, I played it wrong. But it was difficult to play it intraday due to the overlapping bars. The bars on 5 min are not neat and is all over the place. THe 1st bar was too big and there was no follow up. My strategy is to play the 1st 5 min high. This never happened and I tried the pullback play which did not yield much result as well.
This is how I called it yesterday - http://agaptrader.blogspot.com/2013/06/ulta-earnings.html

Tuesday, June 11, 2013

CTSH swing

I like CTSH above 67, Right now it is on the range on daily. It has good support at 63, one can buy small size at this level and play the bottom of the support bar. It is still below the 200 day ma and the 20/40 moving avg is not good.
This is not an ideal play but is playable purely based on support at 63, expecting some bounce there.

PEP swing

Pepsico is not following what Coke did. This one held the 80 support level and went higher. The moving avg has come together and we will have to watch if this was a lower high or it is a beginning of a higher trade. I did not play, here was my analysis that I had made earlier - http://agaptrader.blogspot.com/2013/05/pep-swing.html

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.