Feb 11th. At 2:42 pm.
FSLR was mentioned within my post regarding the SSYS chart "hammer candle"
AAPL. Also mentioned.
But what do I know ?
So far. "My" take on this chart has been pretty accurate.
You know our civil liberties are being eroded from within ! who needs an enemy country to destroy our freedoms, yahoo is leading that charge !
GOT THAT RIGHT !
I used to directional drill in Texas North Dakota and New Mexico. We didn't frac, some one else came in after us and did that. But bottom line is, talk about screwing up the water tables, the earths outer crust, and totally opening up a major can of worms we will be regretting until the death of our planet.
Yes, After one year of that. I quit. I don't need money that badly.
so far so good for longs, support at the 10sma held. But the day is young. A nice snap back into a $67+ close would bode well for longs, "I think" LOL...
a factor I didn't calculate is the 10sma, it comes down as the stock price remains below $67 where the 10sma appeared to be yesterday. Today it appears to be some where lower low $66 range is my guess. either way it does look like it is creating a stall in the upward move.
Your right. I made a lot of money buying the banks at the very bottom. And sold for 500 % gain months later.
Ill go 100% penetration level for Lee, she deserves as much for being such an Apple basher two years ago.
Looking at up coming resistance, $67 looks like the place this could stall. Which is the 10sma line. But more so resistance at $70 should be strong. $70 is where the 20EMA line is, AND $70 is where the stock dipped down to back in Jan 15th. That dip to $70 on that date should create resistance. That being said. I think we stall very soon and $67 then $70 present a challenge worth selling into. short term.
painting the tape so anybody looking at a chart tonight will not see the great close.
My charts don't show that dip after hours, in fact the last buy I show is at $66.00 after hours.
Because the news was already baked into the price. The stock had fallen from over $100. Was probably heavily shorted. The huge gap down gave shorts a great trade. Satisfied they covered some and flipped long. And are now covering the rest remaining shorts to give their long shares a boost néw buyers think the news can't get any worse so they want in before things improve.
that's my guess.
I am on my phone. So I can also take a look at the moving averages on my desk top later. Those will present resistance as the stock climbs. Your getting some nice follow thru today. Today's close near the days highs SHOULD give you more upside into end of the week. Friday shorts SHOULD cover going into the weekend.
I'd look at options open interest to see if Calls are being bought and which strikes and months for clues. Some serious volume will support and confirm the TREND reversal.
a reversal is temporary a trend reversal is cemented in. Volume helps.
That's hard to say. Only because the easy money move has already taken place. Now risk rises the higher up from the hammer on Feb 3rd.
I think the upside for now is limited But the direction is still up for now. And again I repeat. I'm looking for NO brainer trades. At this moment in time. This has become a harder trade to make because the easy trade is done.
Take a look at FSLR.
I see that as a fantastic trade for the mid term. 6-12 months out.
Sure the easy money from the bottom is done.
However unlike SSYS. The earnings growth for FSLR coupled with the chart and great entry price. Give FSLR a superior trading opportunity for those that don't like to baby sit there position.
I am so skittish. I shoor and reload. I want my profits where they belong. Taken And in my pocket ASAP.
Is another pick. Break out on solid volume. Great uptrend. Great fundamentals. Together that's a powerful combo.
But. The higher float might cap that move to around $130 for now.
Profits will get taken on that one. But wow what a powerhouse of a company and stock.
does anybody remember the two years of complete bashing from these CNBC jerks?
Those people just drove down the price so their friends could load up cheap.
Now they are all pumping Apple on CNBC everyday !
two years ago every hour was spent bashing Apple on air. 24/7