Category: Market Blog

Twitter Inc, Short-term bullish consolidation.

The stock ($TWTR) tested the declining 100-day moving average yesterday again, before reversing to the downside. This daily moving average line continues to be strong resistance as we have tested it every day since Wednesday but never

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Globalstar: At the start of a New Impulse Higher

Globalstar, Inc. (NYSEMKT:GSAT), after a big price-volume surge in mid-December, pulled back a little this month, creating a falling wedge formation. The upper-line of that pattern was broken Monday on volume expansion.

This was a very good sign for a continuation of the trend, and I am looking for a retest of the recent highs around the 2.20 area.

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Trinity Industries Inc (NYSE:TRN) Setting up nicely for new highs

Trinity Industries Inc (NYSE:TRN) has been nicely consolidating in a flag pattern for the past 6 weeks and now is moving toward the top of that consolidation area. If the upper line of this flag formation is broken in the next

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Apple Inc. (NASDAQ:AAPL) Potential Bullish Consolidation Pattern

The stock has been consolidating sideways in a fairly narrow range within a rectangle pattern. The consolidation has been coiling in the 118 to 120 area this month. A move above 119.93 would indicate a break out of the small flag, with the potential to reach 121.06 and then 123.08.

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Exelon Corporation – Bullish consolidation

Exelon Corporation (NYSE:EXC) after a big price and volume surge in December, the stock has gone sideways and consolidated in the 35-36.3 trading range. Yesterday, it closed just slightly below its the upper line of the consolidation range, which if broken could accelerate the price toward its August highs around the 37 area.

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Apple Stock Broke and Closed the Week Above the Key Resistance Level

Antonio’s Perspective for the week

Apple Inc.(NASDAQ:AAPL) closed higher on Friday, reconfirming the new uptrend after the recent break above the major resistance level on decent volume.

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Antonio’s Perspective: Exxon Mobil Corporation is consolidating after failing to Breakout Higher

Shares of Exxon Mobil Corporation (NYSE:XOM) continue to consolidate above its major exponential moving averages, after failing to breakout above the critical resistance at 88.59 on Thursday. This key level is proving to be a strong resistance zone since September. A strong trend would not be in place unless the

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Antonio’s Perspective: Was NVDA Overbought?

During this afternoon I was scanning some charts and I stumbled upon NVIDIA Corporation
(NASDAQ:NVDA), whose stock has shown remarkable strength over the last 7 months. The stock made a new 52 week high on Wednesday at $95.25 and closed slightly below on Friday in a choppy session for stocks.

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Antonio’s Perspective: Technical Analysis of Netflix

Netflix, Inc. (NASDAQ:NFLX) was really amazing last week. Not only did NFLX start off the week with gains and a strong breakout but it maintained high levels throughout the entire week. The chart above of the stock shows clearly that “bulls” were able to overcome another attempt by “bears” to stall the sharp rally from the July low.

After a short pause in a sideways consolidation pattern between 95 and 100, during which the 50-day exponential provided a good support, it broke out upwards. The stock rebounded nicely on Friday after touching the lower line of this bull flag and with a positive market next week i think this stock should be moving higher.

Technical daily chart shows very strong bullish sign. First of all, the stock is trading above both 50-day and 200-day moving averages with both moving averages pointing upwards. Then the daily MACD is rising above “0” also indicating a buy. In addition, KD line and ADX still show the stock is on the positive swing.As long as the stock stay above the $100 price level, the bullish scenario still intact.

I want to remind all readers of Stockal that NFLX is often volatile and a fast moving stock, so I suggest everyone to book profits quickly around the key resistances lines and please don’t get greedy.

This is a guest post by  António Costa, acclaimed trader and the popular author of AC Investor Blog.  All views and analysis belong to the author.

For the Social, Analyst and Sentiment perspective on Fitbit and other stocks download our iOS and Android apps.

Antonio’s Perspective: Technical Analysis of Blackberry

For this weekend’s post I bought a well-known company that everybody knows that I have a long-term investment on it. This was one of the rare cases where I put some of my savings on a long-term investment specifically when I saw a familiar name taking the control of the company as CEO, that guy was John Chen. Most people don’t know nothing about this gentleman, but I recommend everyone to google the company name “Sybase” to know more about the skills of the guy as a business man.

Some of you, will think it’s impossible to see the same scenario on Blackberry, but I would like to point out that the new CFO of Blackberry is now Steven Capelli, who worked with John Chen at Sybase. Both also worked together at Pyramid Technology, a company that was sold to Siemens.  The life is made of coincidences, but this film I already saw in the past. As a shareholder I want to maximize always my investment and I truly believe that will get it here as well. I think Blackberry could be the next big sale for John and his buddy.There has been chatter about a BlackBerry sale for months/years, but with Steven in the team, the puzzle is now complete and the rumors could turn to reality. Keep in mind, the company is now financially stable with a lot of cash and a tremendous patent portfolio. Moreover, it owns QNX,  one of the most popular operating systems for in-car infotainment systems. I could write a lot more about Blackberry, Joh Chen and whatever, but my vision is clear in this small introduction.  Well, now is time to focus my attentions in the technical chart above.

The stock has made an awesome run since mid of September, but once again the rally stalled around 8.30 price level, which has been a tough level to regain and hold all year long. On daily technical chart, price is trading above all major exponential moving averages, MACD is rising in buy zone, while RSI is around the 60 level well under concerned overbought levels. This is indication of bullishness to continue.

The fact that the 50-day exponential moving average is also above the 200-day exponential moving average (golden cross), the trend is considered upward. Considering all above factors, the probability of a breakout is higher. A close above 8.36 would be required to turn the medium-term bias significantly toward buying trades. Definitely on watch.

 

This is a guest post by  António Costa, acclaimed trader and the popular author of AC Investor Blog.  All views and analysis belong to the author.

For the Social, Analyst and Sentiment perspective on Fitbit and other stocks download our iOS and Android apps.