Category: Company Chart Analysis
The analysis published under this category are as follows.Wednesday, May 26, 2010
Upside Projections for Ford (F) / Companies / Company Chart Analysis
Looking at the hourly chart on Ford (F) since April 23, we can make the case technically that the recent spike lows at 10.14 and 10.40 represent a near-term double-bottom. This morning Ford broke above key resistance at 11.35/45 and continued higher, which has confirmed the near-term, base-like pattern, and which triggered upside projections into the 12.20/40 area next.
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Sunday, May 23, 2010
Goldman Shares Poised To Fall After Rising on False SEC Settlement Rumor / Companies / Company Chart Analysis
Since the SEC's probe, Goldman Sachs Group Inc. (GS) shares have dropped more than 20%, but reversed course on Friday rising as much as 5.4%. (See Chart)
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Friday, May 21, 2010
Eyeing Key Support on Ford / Companies / Company Chart Analysis
Let's notice that on the way down this morning, Ford (NYSE: F) violated is major trendline from March 2009 at 11.10, then sliced below its Jan-May support line at 11.60 and finally tested its rising 200 DMA at 11.12.
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Wednesday, April 28, 2010
Bristol-Myers Squibb BMY Correction Appears Complete / Companies / Company Chart Analysis
The price pattern and my near-term intermediate-term momentum work argue strongly that Bristol-Myers Squibb (NYSE: BMY) finished a corrective downleg at this morning's low of 24.07 off of its Mar 29 high at 27.07. As long as key support between 24.10 and 23.50 contains any acute (forthcoming) selling pressure, the larger base pattern from Sept 2008 remains intact and dominant.
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Tuesday, April 27, 2010
Double-Top in UltraShort Financial SKF ETF / Companies / Company Chart Analysis
I have no idea where the ProShares UltraShort Financials ETF (NYSE: SKF) might close, but the chart structure below argues strongly that a significant double bottom at 16.68 and 16.94 is in full development, and is now putting upward pressure on the key resistance plateau between 18.30 and 18.60. If and when hurdled, this will trigger upside projections of 19.50-20.00 and then 21.60-22.00. Such a scenario will indicate that the financial sector has established a significant near-term top (SKF bottom) formation.
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Wednesday, April 21, 2010
Double Top for Goldman Sach's Stock / Companies / Company Chart Analysis
We discussed the near- and medium-term chart work on Goldman Sachs (NYSE: GS) during last evening's live Webinar. In a nutshell, GS has carved out a potentially lethal Double Top formation between last Oct. (193.60) and last week (186.41), with the critical breakdown plateau at 150-147.80. Should GS violate and sustain beneath the support plateau, the measured downside target is 110-100.
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Wednesday, April 14, 2010
Ford Hurdles Key Resistance Level / Companies / Company Chart Analysis
Today's strength in Ford (F) has hurdled key near-term resistance at 12.95, which triggered additional buying (short covering too?) that has propelled the stock to an intraday high at 13.30 so far. To the extent that F can hold and extend its early gains, my next immediate target is 13.45/55.
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Wednesday, April 14, 2010
New UpMove for Halliburton / Companies / Company Chart Analysis
Within the larger Jan-Apr coil pattern that we discussed yesterday in Halliburton (HAL), let's have a look at the hourly chart from the most recent pivot low (within the coil) at 29.25 from Mar 26. The weight of my technical work is telling me to regard the upmove from Mar 26 at 29.25 to the Apr 6 high at 32.43 as the start of a new upleg that should revisit the Jan high at 34.87. All of the action in HAL since the 32.43 high represents a sideways consolidation that is digesting the 11% upmove.
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Tuesday, March 30, 2010
Eye on Apple, AAPL / Companies / Company Chart Analysis
The good news just keeps getting better for Apple (AAPL), as investors and consumers prepare for the release of the iPad (Apr. 12th?). In addition, according to the press, the company intends to build a new iphone that will accommodate other wireless carriers like VZ, and S, which will increase the iPhone's appeal tremendously, and also has increased interest in the entire wireless space. As for AAPL technicals, well... all roads NOW point to 244-248 as the next target zone.
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Friday, March 26, 2010
Swoosh goes Nike, NKE / Companies / Company Chart Analysis
In today's short video, we take a look at Nike and project what we see in the future for this market.
As you know, we've discussed energy fields in the past and just how important they are to markets and Nike is no different. There is a huge energy field under this market capable of carrying it much, much higher. In the video I discuss a specific target zone for this stock.
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Monday, March 22, 2010
Three Stocks Trend Change Chart Patterns To Profit From / Companies / Company Chart Analysis
Eventually all trends change. If you are short at a market low you need to know when to cover and get out. Likewise if you are long at a market high, here too you need to know when to get out. This is where Change In Trends patterns come into play.
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Thursday, March 18, 2010
What Do I Need To See To Make Me Take A Stock Trade? / Companies / Company Chart Analysis
The only pattern you'll ever need to know in uptrending markets is commonly referred to as a Pullback Off Highs (POH). And sure enough with the recent vertical leap to nosebleed levels we've seen in the indexes a bunch of names took off out like rockets.
All of those same names got away from those low risk entry points very fast leaving any trades taken now being of higher risk entries due to being away from those prime entry points that we use to manage risk from a technical perspective.
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Friday, March 12, 2010
How To Safely Buy CLNE / Companies / Company Chart Analysis
Yesterday CLNE broke out on an earnings related news release. Blink your eye and you missed it. So now what? Do we do what the master TV herder says we should do and that is just blindly buy buy buy? Or should we do what we here at All About Trends preach all the time and that is to NOT CHASE BUSES and let them come to us.
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Friday, March 05, 2010
Bristol-Myers Squibb Company BMY Thrust Off Neckline / Companies / Company Chart Analysis
Bristol-Myers Squibb Company (BMY) continues to act extremely well technically. Below is what I wrote three weeks ago, with BMY at 24.61. The big picture analysis remains unchanged, and this week's positive action -- especially today's surge from 24.45 to 25.30 -- argues strongly that the price structure has started the thrust off of the neckline retest (Jan low at 23.49). If such a scenario proves accurate, then BMY should be heading for 26.00-26.60 directly from here.
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Tuesday, February 23, 2010
Final Dip for Ford Ahead of Expected Rally / Companies / Company Chart Analysis
The coil pattern that is enticing me on the long side of Ford (F) has the right look of completion ahead of a powerful thrust to the upside that should propel F above the Jan high at 12.14 towards 13.50-14.00 and possibly to 15.00 thereafter based on my medium and longer-term work.
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Monday, February 22, 2010
As Ford Goes, So Goes the Economy, Too Bad Ford Is So Heavily Indebted, No? / Companies / Company Chart Analysis
Just as I begin writing this we get the headline China is raising reserve requirements at its banks and equity futures, including gold, fall out of bed. Why is this? Well, for one thing, and besides the fact it appears Chinese officials intend to manage monetary policy in a vacuum, Bloomberg headlines also read 50% of commercial space in Beijing is vacant, with more of the same expected for additional buildings still under construction.
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Sunday, February 14, 2010
Jim Cramer Gets a Stock Pick Right, Sort of / Stock-Markets / Company Chart Analysis
It's no secret that we've been socked with snow this past week. During that time, I was flipping through channels and came across Jim Cramer's show Mad Money. I've said this before, Jim is a great entertainer. I am not so sure how good he is at picking stocks.
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Wednesday, February 03, 2010
Cautious on Cisco / Companies / Company Chart Analysis
Into the final portion of today's session, let's remember that Cisco (CSCO) releases earnings after the close of trading, which could have an impact on overall market direction before as well as after the closing bell. Usually, The Street reacts significantly to CSCO's results and to its conference call (John Chambers outlook). What if anything does the enclosed daily chart tell us about the potential reaction to CSCO earnings?
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Monday, February 01, 2010
Technical Trading Charts for EWZ, UUP, SMH, BAC and WFC / Companies / Company Chart Analysis
This week we analyze four key market segments -- Brazil via its the iShares MSCI Brazil Index ETF (EWZ), the semiconductor sector via the Semiconductor HLDRs (SMH), the dollar via the PowerShares Dollar Bullish ETF (UUP), and financials via Bank of America (BAC) and Wells Fargo (WFC). Each write-up is accompanied by a link to Mike's video chart analysis.
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Sunday, January 31, 2010
AAPL Update - Steve Jobs, Apple, the iPad, and King Gillette / Companies / Company Chart Analysis
On Wednesday, after much hype and drama, Steve Jobs walked onstage and unveiled Apple's latest creation - the iPad. Having watched almost every key address for Apple for many years I, like many others, were disappointed that the product didn't live up to the hype. Nonetheless, Apple will sell a boatload of these products, but not as many as the iPhone.
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