Archive : Stock Charts
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Day Trading Netflix Stock Makes 10 Dollars per Share (NFLX)
Posted by Jim Makos on January 10, 2012 · 2 Comments
Netflix stock provided the necessary volatility required in day trading yesterday, as the NASDAQ stock gained 15% during regular trading session. NFLX stock opened with a gap since last day’s close but in less than an hour that gap had filled, while the market reacted in the first minutes of trading pushing the stock’s price down to $87.25. Yet, Netflix would quickly see their shares resume the [...]
Filed in: Stock Charts
Day Trading Stocks on 30-sec Chart: Agilent Technologies (A)
Day trading Agilent Technologies stock (NYSE:A) using the 30-second chart increased my profit and loss statement by 235 US dollars yesterday. A single trade was enough to make 45 cents per share in 6 minutes. One of my day trading rules is to follow the trend, no matter the direction of the trend either upwards or downwards. Agilent Technologies stock price opened lower yesterday morning (US time) [...]
Filed in: Stock Charts
Bullish Signals or Traders’ Trap at Greek General Index Chart?
Greek stock market has lost 50% of its value in the last 6 months but bullish signals can be spotted on the General Index chart during October. Higher lows and new weekly highs along with increased volume may boost stock prices in the following weeks. Have Greek stocks really hit rock bottom so that a downtrend reversal is expected, or is it a short term correction that will be forgotten in December [...]
Filed in: Stock Charts
W.W. Grainger August Sales Report: Stock Chart Analysis (GWW)
W.W. Grainger (NYSE:GWW) is expected to report August sales today, making it one of the top stocks to watch on Monday according to MarketWatch.com. The weekly stock chart clearly shows that GWW stock is trending upwards for more than a year, but there are signs that the current uptrend might have lost speed or ended all together. The stock declined 22% in mid-July to August, breaking the most recent [...]
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70 Points Profit Day Trading a Single Stock (WLP)
Wellpoint stock (NYSE:WLP) fell 6.61% yesterday providing the volatility needed for day trading. Volume (8M) was also sufficient and the open gap helped as well to verify the downtrend. I didn’t watch the stock from the first trading hours rather than noticed it right in the middle of the day. Otherwise perhaps I would have been able to win more points out of the declining insurance stock if I had [...]
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Bullish Candlestick Patterns in US stock charts (ORCL, CMCSA, SYMC)
US stock market gained 2% yesterday and bullish candlestick patterns appeared in several stock charts. Instead of scanning one after another, I created a custom indicator in NinjaTrader charting software which scans SP500 and Nasdaq stock graphs for a specific candlestick pattern, that consists of 3 candlesticks. The first is a falling candlestick followed by a candlestick with a lower low and lower [...]
Filed in: Stock Charts
Fan of ATI Graphic Cards but Investing in Nvidia (NVDA)
Although I always install ATI graphic cards in my custom-made desktop computers, my money is nowadays invested in Nvidia’s stock. I might have read tons of blog and forum posts regarding comparisons between the companies’ GPUs that made me decide on ATI technology, NVDA stock graph on the other hand is hard proof that Nvidia is trustworthy for investors, at least since 2009. The stock was down [...]
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Is XEROX Going Up or Down? (XRX)
Moise Levi at Gicharts blog posted a post expecting a break below XRX stock support level on real bad news. His chart analysis shows lower highs, multiple fake moves and a key support level at around $9.50, which he believes won’t be strong enough to hold the price in case of unfavorable news. Now, on the other hand the Xerox Corporation’s weekly chart proves that the support level at $9.50 is [...]
Filed in: Stock Charts
Trading Greek Composite Index: April 2011
Predicting that Greek stock market will bounce off the Fibonacci level 3 days ago was verified by an important reversal candlestick pattern in the Greek composite index’ daily chart. Today the index opened with a gap indicating a strong reversal, while it’s approaching the 20-day moving average. If you were confident enough to enter the market on Monday, you should be looking for exit points after [...]
Filed in: Stock Charts
Greek Stock Market Tests Fibonacci Level
The Composite Index of the Greek stock market is approaching today the 61.8% Fibonacci retracement level at 1,500 mark, providing an excellent entry point for the short term trader. Although the index is not trending upwards, there is a chance that we might pick up the start of a second Elliott wave in the forthcoming uptrend. On the other hand I might be entering wrong, but tight stop loss right below [...]
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Viohalco Stock: Trading inside a Channel
Posted by Jim Makos on January 20, 2011 · 6 Comments
When I bought Viohalco’s shares 10 days ago, I expected Greek BIOX stock to continue trending sideways. Stock trading is all about buying low and selling high and for the time being I had just managed to buy low. It had been pretty clear that the stock’s price had found support at €3.40 price level. I just had to set a tight stop loss at €3.20 risking about 0.20 per share for a likely reward [...]
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BP Oil Spill on the Weekly Stock Chart
Posted by Jim Makos on December 29, 2010 · 3 Comments
BP oil spill has drifted the stock’s price from $80 to $27 the last 2 years. Important support levels gave way on the weekly stock chart and Fibonacci retracements pointed out key reversal points. Applying technical analysis at the BP stock charts could lead to profitable trading by short selling the stock, while buying the stock even today is risky. As the British oil company tried to take control [...]
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Fibonacci Levels on Weekly CSCO Stock Chart
Posted by Jim Makos on December 25, 2010 · 9 Comments
CSCO stock is down-trending since April but the 61.8% Fibonacci level shown at the weekly chart indicates a potential reversal signal. The Fibonacci retracement point is not the only buy signal though, as the volume spike on 11/11 could be considered an exhaustion of selling power. Cisco Systems’ stock has been inactive since then as the stock’s price consolidates between $19 and $20 mark, defining [...]
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Breakout Setup for Friday’s DLR Stock
Posted by Jim Makos on December 20, 2010 · 6 Comments
During the first hour of the US trading session, DLR stock provided a breakout setup in the 1-minute chart. The stock’s price moved from $48.50 to $47.50 in no more than 5 minutes, that would have meant $1,000 profit if you day traded the stock with 1,000 shares. Since the Digital Realty Trust’s stock had been quite volatile at that moment and the ATR was quite high, I opted to trade with 500 shares, [...]
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Short Selling BBY Stock Intraday after Breakout
Posted by Jim Makos on December 15, 2010 · 9 Comments
During the US trading session today I am short selling quite a few stocks profitably, such as BBY stock which moved from $35 to $34.50 in less than half an hour. Fortunately I was able to profit from the whole decline, as I fired up the BBY stock charts a few minutes before the breakout shown in the 1-minute chart. There are instances such as this when I no longer pay too much attention to the charts [...]
Filed in: Stock Charts
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Jim Makos: Also true! I should have included that in the text! Thanks for c...
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Papanikolaou George: also most of the times such big bets are not gambles nor smart mo...
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