Wednesday, July 11, 2007

Stock Ideas - July 12, 2007

ABS
Continued to form a nice flag formation, resistance is now set at 35, a break above this price would signal a buy.
Still holding my position bought at 35

AEV
Dropped to 8.7 but closed at 8.8, ATRK (220) seems to be supporting this stock. Will continue to hold my position
hoping for the break at 9.4

Indicators MACD and RSI still looks good.

AMC
I really don't know why i bought this stock, seems to have a nice triangle but trading is really erratic.
Well i bought this in the first place coz my friend said so, lesson learned there. Will try to dispose this
stock at around 6 - 6.2 hope someone buys it

PLTL
121 supported this stock to close once again at 7.2. MACD and other indicators still looks good, will continue
to hold on to this stock, hoping for it to break it's resistance at 7.3

Other Stocks to watch out for:

JFC
Compressed into a Sym Tri and Resistance is placed at 57
MACD just crossed the signal line, might break on monday, observe volume
Target is 70 - 22%

RLC
Seems to have bumped the resistance at 21.75 and is now moving down for another consolidation. Looks like
another waiting time for this issue.

ATN
MACD Just crossed, Moving upwards seems to be forming a cup and handle

B
Seems to be flagging up. Placing resistance at 4.95

JGS
Sym Tri
Resistance at 12.75

VUL
PWR

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