FibStalker View on Stocks, February 3rd, 2013 (English Language)


hereunder is the last review on the stocks I featured in my FibStalker View on Stocks sent on January 13th, 2013 to my Newsletter subscribers. I will normally publish this information reviews 8-10 days after they are shared with subscribers. The FibStalker View on Stocks review offers insights into stocks trading, setups and target information for the list of stocks I currently follow on my Blog. This is an ever growing list I have added Goldman Sachs (ticker: GS) in the last week and I am going to add Facebook (ticker: FB) tomorrow. If you trade stocks or want to learn how to analyze them it is good to get the information I share timely. To do that you can register my free Newsletter, it only take 10 seconds.

The current list includes: AAPL, ACN, BAC, BIDU, C, F, GOOG, GS, HPQ, NFLX e RIMM. Hereunder is the review I have published on February 3rd, 2013 (now including GS):

‘This week I continue on this new section where I review a set stocks I am currently following and that you can find on my Blog’s ‘Stocks & ETFs’ page (this is an ever growing list of tickers). I will build upon the last analysis published to my subscribers on January 13th Newsletter. I will keep adding stocks to this page and I am open to subscribers’ suggestions, with the only constraint that the proposed stocks must be widely followed and highly participated (high daily volume bigger than 1M) for my analysis and trading method to work. For instance, in the last two weeks I have added GS, which is now featured.

This week I will briefly review AAPL(w), ACN, BAC(w), BIDU (w), C, F(w), GS, HPQ (w), NFLX and RIMM(w). The stocks with a (w=watch) after the ticker are those you want to closely monitor in the coming days because they could offer opportunities in the very short term on the daily chart. You can review the last video-analysis and plans for the stocks using the links provided below on the right of the stock ticker.
Hope you will enjoy this new section. Please spend time to study the setups and review the video-analysis I will keep recording in order to understand how I analyze price. AAPL (last analyzed on January 24th, 2013)
It seems the stocks started to get some traction on the upside and traded a traditional long on the daily chart with a support level at 448.70 and stop below 445.10. There is probably still time to take a long here. However to state that bears have failed on the daily timeframe we will need to see price above the 475.90-476 levels. If that happens we have the potential to move into the 570 area, given that the general market keeps moving higher.

ACN (last analyzed on January 13th, 2013)
On the longer-term timeframe this stock has a support in the 55 area with a first target at 71 (already hit) and a second target at 79.30. On the daily chart the support at 64.50 already identified in November 2012 held in the last few weeks and was able to push prices above previous highs. Price could hit target at 75.30 soon after it kept swinging in the 64.50 to 71.50 (as we had anticipated). It’s late to take a position in this stock which could well continue higher into the 79.40 second target area and even above into the 81.20, before a retracement.

BAC (last analyzed on January 13th, 2013)
The setup provided on Jan 13th, played well, so congratulations to those who took it. The entry was at 11.20 and price never came below 11 (while stop-loss was below 10.85). If price comes back you could try to get partials in. We now have targets in the 12.70 area (1st target) and 13.50 area (2nd target) well into the weekly resistance level. For this stock I also proposed a nice price action forecast which was then verified on Dec 18th, 2013. Those were not random levels, but they were rather derived applying the trading rules of the method, based on the observations of the effects of Program Trading on price.

BIDU (last analyzed on January 13th, 2013)
If you are still in a long from the 95.80 support area provided in the past, it must be considered that this stock has support in the 107 area all the way down to the 105.20 level. There is a bullish and a bearish scenario. In the bullish scenario you can add at the current levels (or in the 107 area if price gets back there) with a stop below 105.20. The bullish scenario has a continuation higher towards the 118 level (1st target). The bearish scenario would see price slicing through the 105.30 level and then coming back into the 100.50 area. At the moment a continuation higher (bullish scenario) seems more probable.

C (last analyzed on January 13th, 2013)
Bulls are still in control in this stock and the possibility I had mentioned on Jan 13th materialized as the stock kept trading higher and into the 44.40 level. Now it is at 42.95 and in the  44.40 area we could see a deeper retracement. If that’s the case the next retracement should in the 41.70-80 area, if price keeps trading in extension. Targets, in this case, would be at 45.90 (1st target) and then 48.10 (2nd target). I anticipate price to keep trading in extension into the 51.30 top of the range area. It’s late for a setup now but you can wait for 41.80.

F (last analyzed on January 13th, 2013)
The stock hit the second target indicated on the last Jan 13th review. Target was at 14.20 and price moved into 14.30. The resistance starting at the 13.90 area kicked in and there were participants on the short side who brought price into the next support area at 13. So far bulls were able to defend the 12.65 level which is the line in the sand for a larger retracement into the 11.60 level. We have resistances at 13.40 and 13.90 (strong) areas and it looks risky to go long at this level, although should the market keep moving higher, Ford could pick up from here with targets above at 14.90,16 and then 18.80 area. So you can probe a long here or wait for a safer retracement into the 11.60 area (which could never come).

GS (last analyzed on January 28th, 2013)
The stock did not correct as anticipated in the Jan 28th plan, but kept moving higher in extensions with a support at 142.60 and targets at 148.8 and 152. We will need to wait a failure of the sequence of extensions before a larger pullback.

HPQ (last analyzed on January 13th, 2013)
We have two opposing setups in this stock. On the short side, the bears were able to defend the next weekly short starting at the 16.40 area. Bulls were not able to push price above the 17.7 level that would confirm their new control on the weekly price. Bulls, however, were able to support price in the 16.20 area. If this continues and bulls are able to defend the 15.75 threshold, there is a possibility of a continued move higher into the 18 area (1st target) and even the 19 area (2nd target). If bulls lose the 15.80 level it’s possible that price will slide into the 14.40 area and even lower to retest lows at 11.40. Stop-loss for long positions is below 15.80.

NFLX (last analyzed on January 13th, 2013)
On Jan 13th I wrote that bulls were in control of this stock and I said price could get back to the 133 and even the 179 resistance level. Price printed an high at resistance in the 177 area and is now trading there since a few days after a huge gap up. The stock has support in the 158.50 area all the way down to 150. If bulls lose the 150 we could see a deep retracement back to 115 and this area of support could easily give way. On the other hand if we hold current levels (stops below 150) we could see 186 (1s target) and 200 (2nd target). Above 209 we could easily move back to the 300s in extensions long moves on the daily chart.

RIMM (last analyzed on January 13th, 2013)
Price action in this stock confirmed a failure of the bears to keep the stock trading in extensions shorts for the time being. This means that the stock should now start a sequence of measured moves higher potentially into the 47 area. Last week the stock moved quickly to the 12.30 area where we would expect long participation. The swift move lower suggests Program Trading wanted to get their fill to keep pushing this stock higher. Longs here are safe with price above 10.80 which is the line in the sand. Below this level something is wrong and the stock will need to be re-evaluated. But above this level, and there is still time to get a long position in the stock, we have a target into the 21.10 area (1st target) and then 25.70 (2nd target). Above 16 these targets will be confirmed, but I would not take profits out at them. I would wait to start taking partials out at the first resistance area at 38.’

Need to prepare for your trading week or just want to get a different opinion on the financial instruments you follow? Are you new to trading and want to start with the right steps. Do you want to understand more on how I use my method based on measured moves inferred by observing the effects of Program Trading on price and the proprietary Fibonacci Stalking technique for directional trading of index, forex and hedging futures, forex pairs and some high-volume stocks?

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