TUESDAY SEPT 23, 2014 Just wanted to share just a few quick snapshots of some what I am watching lately.
ZNGA – Chart from yesterday, but its the same today. Tight stop below 50sma (Thx Cheri)
More charts ….
I have been discussing JRJC for wks for many reasons . Look at the weekly yesterday. It could be a great reversal
Mentioned JRJC like this before- shows potential
HGSH also mentioned before- I’m watching a possible break from the descending wedge to hold. 50sma DID hold.
NQ – TWEETED this chart Sept 17 , will add todays
TODAY NQ –popping
MBLY Sept 11– Noted that it had great strength since IPO- buy pullback
MBLY – Now after pullback
Lastly, I was asked about Sprint today . I had covered sprint before its recent run up…a trader G-Bones mentioned it under $6. Then it ran up like this
Today it has pulled back to the 50sma. Would I buy it here? I would wait and see what it wants to do first. WHY?
Because even though it sits on the 50sma right now, the 50sma is sloping down and Sprint Could ‘stay above it’, but continue to ride it down to $6.25 (50% re-trace) or 61.8% near $6
I’d wait to see what it wants to do first.
Just a quick snapshot of a few ideas – of course there are more out there , so Happy trading all!