Day trading only Gravity seems to be winning. Note down sloping resistance. Strong support at $138s. Would not go long unless resistance broken. $139-$140 seems to be the key battleground
Note on chart. This chart supports the thesis of buy Friday (EOD) and sell on Tuesday (at open). Next step: look at the weekly options to exploit this observation. Prospective study.
Bull flag forming? Channel narrowing. Decision time.
Break down of weekly support @ $50.34. Due to the earning report, AIG sustained a large drop today of 6.5%. It broke through the weekly support @ $50.34, and filtered with the 2nd weekly support at $48.33, and finished just south of it ($48.28). Looking ahead, I think the stock will consolidate around the previously established consolidation zones. In the...
Break down of weekly support @ $50.34. Due to the earning report, AIG sustained a large drop today of 6.5%. It broke through the weekly support @ $50.34, and filtered with the 2nd weekly support at $48.33, and finished just south of it ($48.28). Looking ahead, I think the stock will consolidate around the previously established consolidation zones. In the...
Expectation of AAPL's earning based on Citigroup's study...
Here is chart of AAPL's performances since 2012 Q1 ER (numbers from PED from CNN Money, APPLE 2.0 and APPLE investors relations). Vertical dotted lines referred to week of ER Financial and stock performances varied widely, I reported the weekly gains (from the day of ER to Friday of that week), as well as monthly (to 3rd Friday of that month), to capture...
Here is a quick review of previous performances since 2012 Q1 ER. Financials and stock performances varied widely as shown above. Dotted vertical lines refer
AIG long and strong on the weekly candle. This is a continuation of a series of previous posted charts . As show here, on weekly chart AIG now broke the resistance at $50.3, into the next zone of consolidation. I expect the RSI to drop a bit (to around 60-70s) before continuing the next leg up. The bullish trend is certainly up and strong. Disclosure: No...
Continuation of bullish pattern since $100. Since Sept, SI has advanced into the $112-$125 trading zone (for detailed analysis, please see my previous posts). Earlier this week, SI broke out of resistance at $125, now heading into the next phase. MACD and RSI both support bullish thesis. Based on prior trends, I think the next resistance is at $134-$135 area. ...
This is a chart based on a previously made chart, Study of Gaps published 9/18/2013 Overall, based on analysis of measuring gap, being the halfway point of the price movement, the resistance was calculated at $125-126. This proves to be surprisingly accurate, as it played out in the weeks following the analysis. Overall, the momentum and price both...
Another break out coming soon? This is a continuation of a previously published chart. Looking at the weekly chart, what becomes evident is that #1. AIG is in a bullish trend #2. AIG moves up in a step-wise fashion Despite of government shut down, AIG was able to finish the week solidly in the positive territory. RSI > 70 appears to be associated with...
This is an updated chart from last week Some important events are annotated on the chart. Looking at the fundamentals, iPhone sales were vastly better than what the analysts had been expecting for the opening weekend. We saw a huge gap up to the high $490s on Monday. However, in the past few days, the gap is being filled. Some analysts (Gene Munster,...
AAPL Daily Analysis with events posted on chart. I expect AAPL to remain and stabilize a bit in the consolidation zone ($447-$470) this week. Max pain is at $465, so I expect that there won't be much deviation from it this week (also lack of catalyst later this week). However, by early next week, we should have some indication of iPhone 5C / 5S order status. ...
Breaking out of consolidation $45-$48, looking to establish another zone of consolidation. This is a follow up the chart that I published 2 weeks ago. () Looking at AIG weekly chart, AIG has been moving up along zones of consolidation. Each breakaway is signaled by RSI approach or above 70. Last week, we saw another break out (RSI is above 70). Currently, we...
Confirmation of bullish break out and study of gaps Break out of consolidation zone $96-112 occurred last week, with break out of long term resistance at $112 with above average volumes. It is confirmed in the days following it and this week Now $112 is acting as a firm support. The next meaningful resistance is at $125. This chart is also a demonstration of...
Expecting additional bearish momentum in the week ahead. This week, APPLE release the new iPhone 5S / 5C. Overall, the Street was very disappointed with the releases. Some analysts cited that iPhone 5C is overpriced and would not capture the developing market. I think this argument is invalid. Why would APPLE go after that market in the first place? In my...