Saturday, August 18, 2012

Technicals to watch on monday

1) The Home Depot Inc (HD) ; Bullish pattern, clean channel break out.
2) Bank of America Corporation (BAC) ; Facing key resistance @ $8, long base suggests we could break out for real this time ...
3) Pfizer Inc. (PFE) ; current pattern suggests that price is overbought, ready for a pull back, long term indicators are still bullish

3 comments:

Milan said...

Moise how are you? In the previous post you are expecting serious pull back, and in the this one possible break out of the big companies such as BAC and HD. Kind of confusing? Regards

Anonymous said...

Bank of America Corporation (BAC) ; Facing key resistance @ $8, long base suggests we could break out for real this time ...-> long base ..look at JOY..

Moise Levi said...

True, some big stocks show a potential big upside, but the Dow (long term chart) shows a "risk"