I did some charting and TA over the weekend and came up with some stocks that I will be watching for price action. Charts are done using ThinkorSwim platform.
Bear with me for this first post while I try to get a list in order for references.
$AGU – Hitting support around $40 channel uptrend, wait for a pullback to that price
$AMZN – Hit after earnings last week watch for test of trendline support $80
$MCD – Hit after earnings, looking at an entry at $54 will check chart for further support at trendline
$WFR – Have you seen a better channel anywhere? Waiting for pulldown to support ar around $17.5
$MSFT – Hitting trendline support @ $23, I might initiate poistion here catalyst to ride higher is Windows 7 relesase cycle
$MS – Morgan Stanley is hitting trendline support@ $27.50 here pretty hard, Its been hovering there for a week now. I am a little sceptical getting in this name as any market weakness might take this lower
$DBA – right around trendline support. I ended up buying 25 shares too soon so right now in a limbo with a slight loss. I am waiting for a confirmation of the uptrend or breakdown so that I can add more around 22
$USO – taken off of TL support, might be a good entry around 33 if it pulls back to that range.
