Please Feel Free to Ask Questions
Good Morning. The first thing that I would like to go over is this. If you need a portfolio stock or suggested stock updated or need clarification about it or not sure what to do, please feel free to ask me for help. Now you can ask me for help by logging into the message board and asking a question there about it. I will post a message back to answer your question. You can also ask me a question about a portfolio stock by visiting the live chat trading room. I cannot help you, if you have already gotten your self in the trade. I can always help you before you get into a position. Please do not e-mail me.
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Central European Distribution Corp. (CEDC)- Weekly Chart
The weekly chart of CEDC illustrates that it is an ascending triangle pattern. As you can see the moving averages are converging and CEDC is holding the up trend line nicely. Resistance is at $44.85 and support is at $39.00. Once CEDC takes out 44.85 it will take off because there is no resistance above there. The Aroon is in a bearish trend reversal. However, the rest of the Indicators and oscillators are bottoming and turning bullish. CEDC is up 6.80% this week at $41.60 and it may pullback one more time before breaking out. If CEDC does that, I would buy more around the 39.00 area.
Freescale Semiconductor Inc. (FSL)- Weekly Chart
The weekly chart of FSL illustrates that it has broken out of a recent slim jim pattern. It is also trading in a bullish up trending pattern. I would recommend selling FSL at the upper end of the channel. The stock has been moving up on expanding volume which is bullish. As you cans see, the indicators and oscillators are bullish and moving up along with price. This week FSL is up 10.93% at $31.45. We are up 12.5% on it in the portfolio table.
Marchex Inc. (MCHX)- Daily Chart
I added MCHX to the portfolio table on April 19th. Entry was triggered prior to the breakout at $20.84. The price target is $32.00. Support is at the down trend line and the next resistance is $23.95 It is on the short squeeze list. Consequently, I believe a short squeeze is in the works. MCHX is in a continuation wedge pattern. The indicators and oscillators are bullish.
Nordic American Tanker Shipping Ltd. - (NAT) - Weekly Chart
As you can see by looking at the weekly chart, NAT is trying to break out of it's counter trend pullback channel from wave 3 to 4. I would like to see Nat take out $31.24 this week, because we are moving into a fast moving market. This stock is a front runner in the tanking sector. NAT is up 6.96% at $31.20. The indicators and oscillators are bullish and are moving up along with price.
Sina.com (SINA)- Weekly Chart
As you can see, SINA is trying to break out above the weekly down trend line.
All SINA has to do is take out $28.13 and a short squeeze will go into effect. It will move up rapidly to the $32.00 area. I believe traders should over weight this stock. Buy positions in the $26.00 -$27.00 area. Indicators and oscillators are bullish.
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