Tag Archives: stock

Ford Motor (F) video analysis, December 17th 2012 (English Language)

Hello traders,

I have recorded a video-analysis for Ford Motor (F), a widely followed and highly participated stock traded on the NYSE. Hereunder is my video review:

The stock has long-term support at around 10 and recently such support broke the sequence of measured moves short on the weekly timeframe. On the larger timeframe bullish Program Trading and bulls professional traders are firmly in control. On the other side of things Program Trading sees resistance at the 13.80 area.

On the smaller daily timeframe we can clearly see a sequence of measured moves long started at August lows. The close support levels are at 10.45 with a first target at 12.10. There is also inner support to which we have witnessed participation starting from Friday afternoon. This support level is at 11.00 with a target at 12. Today price is following up on that initial participation we witnessed at the end of last week.

I do not expect price to come back to retest the 11 support area, but rather a continuation from present prices, so it is important to participate on the long side from the current levels with a stop below 10.85-80. I also don’t see anything at the moment stopping price from reaching the 13.90 resistance level, a profit taking level too.

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Baidu (BIDU) video analysis and trading plan, December 11th 2012 (English Language)

Hello traders,

I recorded a video-review for Baidu (BIDU), a well-known and highly participated stock traded on the NASDAQ.

Hereunder is my video analysis for BIDU and below you can find the trading plan:

This stock is controlled by the bears on the longer timeframes and by breaking the 90 level such control has been confirmed. This does not mean that price cannot go higher but it will be pushed higher mostly by profit taking already started in the 86 area.

This stock hit a long-term (weekly) target at the 85.90 area and it is now due for a retracement higher into the 110 level. Conditions for Program Trading to start buying is that price moves above 98.80. Above that level longs will be ‘safe’ with a stop below recent lows (below 85.80).

For BIDU I was able to identify two bullish scenarios going forward:

Scenario 1: the stock trades the first traditional measured move finding support in the 92.70 area and then continues to move in traditional measured moves. So it hits the first target in the 102 area and then retraces again into the next support area at 97.70 and then continues higher into the 110 level.

Scenario 2: the stock trades the first traditional long at 92.70 (as above) and then keeps moving higher finding support in the 103.60 area and then continues higher into the 110 level.

Find hereunder the trading plan for BIDU:

trading_plan_BIDU_20121211

Trading plan for HPQ, December 11th 2012 (click to enlarge)

For your information I write a free Newsletter I send over on Sundays and a mid-week update (see example here) along with other information, typically including: a weekly review for the Euro-Dollar cross and other Forex pairs, indices or commodities futures, articles on my trading method, market commentaries and HFT/Program Trading. Please, register here to receive the free weekly newsletter.

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Citigroup (C) video analysis, December 10th 2012 (English Language)

Hello traders,

I have recorded a review for Citigroup (C), a widely followed and highly participated stock traded on the NYSE. Hereunder is my video review:

The stock has long-term resistance at 37.80 and this area has been tested three times in 2012. The most recent test came last Friday. On the larger weekly timeframe the stock is trading sideways with an upward bias, but below 41.80 both the bullish and bearish scenarios are possible:

1) bullish scenario: the stock found support and long setup in the 32.20 area late in September and reached the first target in 36.6 but was not able to make it to the second target in the 38.90 area. The next measured move long came in the 34 area that traded almost to the tick. This long setup has first target in the 40.90 area and second target in the 44.50 area.

2) bearish scenario: should the general market (S&P500) start moving lower this stock is likely to follow. It has support in the 35.90  area which could be tested in the coming days. Below 35.40 the support is at 34. If price gets there this would be a second, dangerous test and should price slice below 32.80 we should consider a retest of the bottom of the large weekly sideways channel, with prices back in the 25.00 area.

For your information I write a free Newsletter I send over on Sundays along with other information, typically including: a weekly review for the Euro-Dollar cross and other Forex pairs, indices or commodities futures & stocks, articles on my trading method, market commentaries and HFT/Program Trading. Please, register here to receive the free weekly newsletter.

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Netflix (NFLX) video analysis, December 5th 2012 (English Language)

Hello traders,

I have recorded a review for Netflix (NFLX), a widely followed and highly participated stock of the NASDAQ. Hereunder is my video review:

The stock has still resistance in the 85.20 area which was retested with success on October the 31st, 2012 (we can see program trading selling into the stock that day, after reaching resistance). The fourth test, however, is leaking in. The stock had support and a sloppy long setup in the 63.50 area with targets at 79.20 and 87.40. We witnessed profit taking from the second target  since yesterday.

If we consider the next traditional long and support that traded yesterday at 74.30 area, this stock could have targets above in the 90 and 91.30 area. Above 91.30 the resistance area starting at 85.20 would no longer exist and this stock could have the possibility to retrace all the way up to the 179 area.

If price moves lower before the 90 area is touched a good support for price would be the 81.15-20 area with a stop below 79.40. This support and long entry would have targets in the 91.30 and 96.60 areas.

For your information I write a free Newsletter I send over on Sundays along with other information, typically including: a weekly review for the Euro-Dollar cross and other Forex pairs, indices or commodities futures & stocks, articles on my trading method, market commentaries and HFT/Program Trading. Please, register here to receive the free weekly newsletter.

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Bank of America (BAC) video analysis and trading plan, November 29th 2012 (English Language)

Hello traders,

I recorded a review for Bank of America (BAC), a well-known stock traded on the NYSE.

Hereunder is my video analysis for BAC:

The stock resumed its move lower on April 2010 and traded a resistance level and short setup at 15.30 with targets at 8.80 and 5.40. Notice as program trading came in right at the second target at 5.40 to take profits and price could not move lower.

It took three months during the last quarter of 2011 for price to reverse. When price climbed above the 8.65 level the larger sequence down was interrupted. Ball passed to bulls which were not initially capable of defending the 6.90 level. Eventually the 7.50 support area started getting participation and, on a second test at the end of July this year, bulls were able to defend their position.

The support and long setup area at 7.50 has targets at: 11.30 (1st target) and 13.30 (2nd target). In the above video I focused on a trading plan for the first target. In fact, you should also notice that a potentially strong resistance level is located at 12.40.

On the daily chart I could locate current supports at 8.90 and, on a shorter timeframe, the 9.40 support. The 8.90 support and long setups has targets at 10.40 and 11.30. The second target nicely lines up with the 11.30 first target of the larger weekly support at 7.50, therefore showing good chances for price to get there. Find hereunder the trading plan for BAC:

“A trading plan for Bank of America (BAC)” (published Nov 29th, 2012)

“A trading plan for Bank of America (BAC)” (published Nov 29th, 2012)

For your information I write a free Newsletter I send over on Sundays and a mid-week update (see example here) along with other information, typically including: a weekly review for the Euro-Dollar cross and other Forex pairs, indices or commodities futures, articles on my trading method, market commentaries and HFT/Program Trading. Please, register here to receive the free weekly newsletter.

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Hewlett-Packard (HPQ) video analysis and trading plan, November 27th 2012 (English Language)

Hello traders,

I recorded a video analysis for Hewlett-Packard (HPQ), a stock being beaten down since the last 2 years. Most expect selling to continue but I believe the stock will have a few days/weeks to get a bit of a breather.

Hereunder is my video analysis for HPQ:

This stock has been trading in extension shorts on the weekly timeframe with the last setup short at 29.30 and 1st and 2nd targets respectively at 17.70 and 11.60. Some believe the stock will keep going lower from here but I think the stock is due for a relief rally. On the weekly chart the next level of resistance is at 16.30-40.

On the daily chart the closer resistance is located at 14.30, which leaves some room for a brief rally in this stock.

Hereunder I am providing a trading plan for this stock going forward.

Trading plan for HPQ, November 27th 2012 (click to enlarge)

Trading plan for HPQ, November 27th 2012 (click to enlarge)

I have identified two scenarios for HPQ. In the first scenario we go straight up trading in extensions on the daily chart. The first resistance comes at the 20-day SMA with price that keeps moving higher into the 14.40 area of first resistance. After a shallow correction price would continue into the higher level of resistance and final target of long positions at 16.40.

In the second scenario we simply get a deeper correction after price hits the first resistance at 14.40. The correction would stop in the 12.90-13 area, the half way back from lows, to then continue higher into the 16.40 weekly resistance.

For your information I write a free Newsletter I send over on Sundays along with other information, typically including: a weekly review for the Euro-Dollar cross and other Forex pairs, indices or commodities futures, articles on my trading method, market commentaries and HFT/Program Trading. I also send a special mid-week assessment & update where I focus on the Euro-Dollar cross, the Dollar Index and the S&P500 index. Please, register here to receive the free weekly newsletter.

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Accenture (ACN) video analysis, November 26th 2012 (English Language)

Hello traders,

I recorded a review for Accenture (ACN), a darling of the NYSE and highly participated stock. I liked doing the review also because this is the company I worked in the past initially as a consultant  and then as an IT project manager. I love the way it is managed. It’s an hard-working, extreme work-ethics company (you may like it or not).

Hereunder is my video analysis for ACN:

The stock has long term support in the 55 area where an extension long setup (identified on the weekly chart) is located.  This setup had a first target in the 71 area and we witnessed profit taking from that level.

The stock price has also support in the 64.30 area which will be confirmed above the 69 level. Above that price it would be ‘safe’ to take a long with a stop below 65.70, but the safer stop would be below 62.50.

Price has targets to 75.39 and then 79.40 and if the continuation of a move higher in the S&P500 is confirmed with price breaking above 1419, then those are the targets where ACN is headed.

For your information I write a free Newsletter I send over on Sundays along with other information, typically including: a weekly review for the Euro-Dollar cross and other Forex pairs, indices or commodities futures & stocks, articles on my trading method, market commentaries and HFT/Program Trading. Please, register here to receive the free weekly newsletter.

If you like this post, please share it with your friends and fellow traders. Thank you.

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