14 March 2007

trend line failures + chart request

these are mid-day charts so double check where they closed for the day...

i will be updating this post throughout the day - so check back often... also, if there are any charts you'd like to see, let me know.

LEH - nice volume!


ATI
- keep your eye on it - it looks ready perhaps to fail again at the long term uptrend line - the yellow box discloses trend line details, and don't forget to review my previous post making the case for shorting steel.


ALL - more failing at the long term uptrend line! see all previous posting and charting on ALL here.


AAPL - potential to fail at the trend line - keep your eye on on the action in the red circle... the blue box highlights the gap down that has been filled. see all previous posts and charting on AAPL here.


BBD has behaved according to plan [see all previous BBD posting/charting here]. gap resistance highlighted by the blue box came into effect. also notice the negative divergence between price and volume highlighted by the red lines.


JOYG -red lines show negative price and volume divergence. a break of the short term trend line on decent volume could be a short signal. CAT is weak too...


OSG - here we see gap resistance at work, pathetic volume at the peak of the bounce, and finally this is good example of support/resistance lines originating at moving average crossovers [see this post] - the green line was drawn when the 50-day moving average crossed below the 200-day moving average (green circle). this line provided support before - will it hold this time?


RIMM opened up below the 50-day moving average today and at the time of this posting was still below. it hasn't been crashing with the rest of the market today - so that's one feather in the bullish camp. watch it here - its sitting on a short term trend line highlighted in blue.

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