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RIMM, AMZN, ILMN, MOS,ECA and STI

Posted by Satuki On February - 13 - 2009

I can only do this much for now. This is what I would do with regard to all these stocks. It has nothing to do with your positions. Click the pictures to enlarge them

RIMM (Research In Motion Limited)

Sentiments: I am bearish. People who bought into it before the gap want to get out desperately. It will have very strong resistance filling the gap.

Possible actions: I would short into any rally at the first sign of resistence. Or I would short it if breaks down 47.25 with volume.

AMZN (Amazon.com, Inc)

Sentiments: I am bullish. It has a very beautiful chart in consecutive small up-trends.

possible actions. I will be waiting for it to consolidate a bit more and look for a good entry on the long side. If you already have a profitable position, hold onto it. The current consolidation is very healthy. Of course, trail your stop to protect your gains. Anything can happen in the stock market.

ILMN (Illumina, Inc)

Sentiments: I am bullish. It has a very beautiful chart just like AMZN. And it is still climbing

possible actions. I will not touch it since it has rallied too much. Current holders of this guy should hold onto it firmly until you see signs of weakness. When there is weakness, do not just sell it. Use your trialing stop.

ECA (EnCana Corporation)

Sentiments: I am bullish on this one. In fact, I might trade this one since this one would give me the best R-R-R.

possible actions. I think I will trade it. A good entry will be somewhere on Monday or Tuesday . You will see it.

MOS (Mosaic Co)

Sentiments: bullish. good chart in a short-term uptrend.

possible actions. I could open a long position now around 42.8 and set the stop loss around 39.64 or 7% whichever is smaller.

SunTrust Banks, Inc. (STI)

Sentiments: bearish.

possible actions. look for a possible short entry whenver there is a rally and a good entry would be when it rallys into the trendline .


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