Chesapeake Energy ( CHK ) Technical Analysis for 10/27/08 - October 27th, 2008
Chesapeake Energy CHK - Support and Resistance Levels
Chesapeake Energy ( CHK ) has been trending along with its 10 day moving average...this is a bullish sign for recovery. I am playing it this way...CHK has support at $17.50...any close below this and I am out of CHK stock....now that it is trending over $20 you could even use that price as a stop....resistance is at $25...when CHK closes over $25 I think you could test the 50 day moving average which is at $35 right now but will come down lower as time passes. Use $20 & $25 as your trading range.
Saturday, October 25, 2008
Bidu Baidu.com Analysis 10/27/08 - Bidu Technical Analysis for October 27th, 2008
Baidu.com ( BIDU ) technical analysis for 10/27/08 - October 27th, 2008
Bidu Support and Resistance Levels
Bidu reported good earnings last week but guidance was a little weak. Bidu has support at the $175 area from last year and Friday 10/24/08 but after that it would be $150 and then $134. Resistance is $200...when this moves back over $200 I will be a buyer again....but with a tight stop! Baidu will really get cooking again with a close over $275. One of the most volatile stocks I swing trade is Baidu.com
Bidu Support and Resistance Levels
Bidu reported good earnings last week but guidance was a little weak. Bidu has support at the $175 area from last year and Friday 10/24/08 but after that it would be $150 and then $134. Resistance is $200...when this moves back over $200 I will be a buyer again....but with a tight stop! Baidu will really get cooking again with a close over $275. One of the most volatile stocks I swing trade is Baidu.com
RIMM Research in Motion Analysis for 10/27/08
RIMM Research in Motion Technical Analysis for 10/27/08
RIMM Support and Resistance Levels
Rimm appears to have finally have support from Friday October 24th, 2008 at the $40 level. I really don't see RIMM stock going much lower. If it does, Rimm will be getting buyout offers if you catch my drift! In the coming weeks it is possible for a retest of $40 if market conditions in the stock market deteriorate. RIMM is a great company with a great product...growth is slowing, but not this much. Yes, Apple ( AAPL ) is starting to eat their lunch with iPhone sales but there is plenty of business to go around. Having your stock go from $135 to $40 in 75 days,. well, this is what happens when every hedge fund on wall street owns your stock in a deleveraging period.
Resistance is at $46 and $50...when this stock turns it will be jaw dropping like a lot of other stocks out there. A close back over $70 and this stock will really get moving. RIMM is the ultimate day trading stock right now in my opinion.
RIMM Support and Resistance Levels
Rimm appears to have finally have support from Friday October 24th, 2008 at the $40 level. I really don't see RIMM stock going much lower. If it does, Rimm will be getting buyout offers if you catch my drift! In the coming weeks it is possible for a retest of $40 if market conditions in the stock market deteriorate. RIMM is a great company with a great product...growth is slowing, but not this much. Yes, Apple ( AAPL ) is starting to eat their lunch with iPhone sales but there is plenty of business to go around. Having your stock go from $135 to $40 in 75 days,. well, this is what happens when every hedge fund on wall street owns your stock in a deleveraging period.
Resistance is at $46 and $50...when this stock turns it will be jaw dropping like a lot of other stocks out there. A close back over $70 and this stock will really get moving. RIMM is the ultimate day trading stock right now in my opinion.
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