Friday, February 14, 2014

Born Again

China New Borun Corporation Beverages - Brewers
 Bron is gearing up for another run before ER. Lots of bullish signals on the chart. Expect volume spike and a pop to $3.00s next week.

Sunday, February 9, 2014

A slice of Apple with 40% discount?

   I mentioned Apple Inc. in my previous post but I think Apple deserves its own article. Apple charts scream Buy but Wall Street just don't want to listen. This is a great opportunity to go long and take advantage of the dips. There is absolutely no doubt we are going to see new highs this year. Look around what people are using? I see every parent is either on IPAD or Iphone while waiting to pick up their kids from the school. Look at the people in the gym, bars, cafes.. its all APPL written all over it. It is popular, fashionable and surely their brand dominate the market but there is also more to come. Recent share buyback of 14billion and Tim Cook confirming of launching new products this year in new categories brings new opportunities for the share holders and the stock itself. The company is estimated to end its fiscal 2014 with over $181 billion in revenues. At current price AAPL is a steal and if you have $500 to spare to buy a few slices you will have quite a few apples in your basket in the long run. This will be an exciting year for the company and we will be seeing new highs of $700 by the end of the year.

  Apple Inc. Personal Computers
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”- Warren Buffett. 

Monday Morning Game Plan! Bulls are back but for how long? Market bounces off 200-day average, but on lower volume.

 Technical Analysis of  $EXEL $AAPL $JCP

Market bounces off 200-day average going into the weekend  but on lower volume. Possible weak longs and bulls trying to lock into quick profits before another downfall. Lets have a look at few charts of some companies.

Exelixis, Inc. Biotechnology
Expect a pullback to 6.80 on Monday and consolidation in that price range.

J. C. Penney Company, Inc. Department Stores

JCP recently bounced off 4.90 but met huge resistance @6.00 and closed with long upper shadow pointing out Bulls did not have enough steam to break 6.00 Monday will show if bulls are still there and a cross on MACD line would be a confirmation signal. There is possible W double bottom forming before a break out. Highly expecting a pull back with a close below 4.90 before another run for 6.00.

Apple Inc. Personal Computers
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”- Warren Buffett. 
 This quote exactly summons up Apple Chart. Wall Street just don't want to listen. Recent share buyback of 14billion and Tim Cook confirming of launching new products this year in new categories brings new opportunities for the share holders and the stock itself. The company is estimated to end its fiscal 2014 with over $181 billion in revenues. At this price APPL is a steal and we will be seeing new highs of $700 before the end of the year.

Friday, January 31, 2014

Stock Analysis on $WYY

                                                        Stock Analysis on $WYY
  Good Evening Ladies and Gentlemen! I hope you all have a profitable trading week and your portfolio is shinning GREEN like mine.  I like green it reminds me of money and summer. Back on topic.
 The chart speaks for itself. If you have any question feel free to ask them either here or on Stocktwits. Going into the weekend I decided to keep my position on WYY but I will be watching it closely on Monday morning and I won't hesitate to sell if it triggers any of my sell signals I've mentioned in the chart. My current view on WYY is changing towards Bearish. As I've mentioned in my previous posts I have one big concern with the recent gains is the Volume. Those gains tell me they are temporary it also tells me Weak Longs are trying to lock in a quick profit.
 As I was writing this article WidePoint Corporation filed its Registration statement under Securities Act of 1933.

"We may offer and sell from time to time up to $25.0 million of any combination of the securities described in this prospectus, in one or more classes or series and in amounts, at prices and on terms that we will determine at the times of the offerings. This prospectus describes the general manner in which our securities may be offered using this prospectus. We will provide specific terms of the securities, including the offering prices, in one or more supplements to this prospectus"

 Basically they are planning on selling 25mil worth of stock. Price is not set yet and will be set in the future which puts me in the Casino seat with my gambling chips (shares) on the table.

 What to expect and look for on Monday morning?

If I don't see price support by Volume I will be exiting a trade.
2. The Average Directional Index (ADX) measures trend strength without regard to trend direction
Currently Plus Directional Indicator (+DI) is  @20.91 barely above 20 line and pointing/heading down. Crossing 20 line would trigger my sell order. 

Thank you for reading. Please share, like and subscribe. Have a Great Weekend!

As always keep in mind that News can turn things around fast in the stock market and my personal opinion and analysis can be wrong. 


Thursday, January 30, 2014

Bears vs VRNG

Independent Stock Analysis of $VRNG

This is completely independent review of the stock which is based purely on my personal opinion and technical indicators. I dont't have a position in this stock neither planning on starting one. I am not affiliated with any promotional websites or organization. My personal opinion can be wrong. 

Vringo, Inc. 

Pretty much everything speaks for itself on the chart. Except Earnings and Estimates for VRNG are the same as they were reported in 2nd and 3rd quarter of 2013 (earnings of USD -0.13 per share) back then stock was trading around $3.00 pivot point.
Update: Of course  a settlement with Google can turn things around for the stock but I don't see this happening any soon. In the big picture VRNG is still worth 3.00 book value. Producing revenue from lawsuits is not going to last long.

The Prophesy is True! Charts can predict the future!

                                   After Market Update on $WYY $NURO

  What an exiting day for swing trading and reversals. If you followed my previous posts and analysis you are most likely made great gains on those reversals. Check out my previous blog posts if you have not and you find out that all 3 predictions were spot on. At this point I am fully invested in WYY & NURO so I would like to start my update with them first. As always, please keep in mind this is just my personal opinion and I can be wrong in my indicators.

Widepoint Corp (WYY)

 I am still very bullish on WYY even with  kind a neutral trend. WYY is trading sideways at the moment. Closing two days in a row with Dojis indicating the market is confused. I would usually pay more attention to those Dojis if we were at the resistance or higher highs but since we are in upper trend and slightly moving upwards I would not pay much attention to them. I am a little bit worried about volume here and I will be watching it closely. I can see Volume increasing near 1.60 price range this would confirm a future break out for me. After all WYY has been holding its gains very firmly. I personally like this company and I can see a lot for it in the future. I really like WYY's book value. Lets take a look at its competitors in the Industry like Tangoe, INc.(TNGO) which is trading $18.37 per share. By playing with book values and adjusting it to WYY I came up with a value of $2.62 per share assuming WYY would keep the current market cap and won't expand.

Neurometrix Inc (NURO)

What a great run for NURO today closing  above 2.40 confirming a reversal .It perfectly followed my previous chart form yesterday. I updated today's chart after market. Again it should be self explanatory but there is a few things I would like to add.    It looks like its ready to break out through 2.50 area so we might see two scenarios tomorrow morning confirming a continuation of the uptrend. One of them opening with a gap above 2.50 in that case we will have a new established support @ 2.50 and next break out through 2.65. But..... Knowing this stock and extreme Volatility it has I would not be surprised to see a pull back to 2.30 again and then forming a triple top candle @ 2.50. Long term NURO is still a great deal with Earnings Call coming out on Feb 13th and recent %7 increase of Blackrock's 13G ownership it positioned to go higher all the way to $3.00 mark. On that note I would like to share my #1 Proven Rule I learned hard way in this market multiple times. 

Never hold a stock through out Earning's Call!

Update 1/30 After Market Trade Triggered: Set my sell order @2.57 kinda hopping it would expire, came back home from the gym and noticed and got filled. Can't complain with one day trade and +0.27 profit. Just hoping for the second scenario tomorrow with a triple candle to buy back in :). No matter what it will be a good day for NURO. Good luck to those who is still in.

 I won't be day trading tomorrow morning due to my Real Estate exam. Please wish me luck and happy trading!


Wednesday, January 29, 2014

ZNGA Stock Analysis Update per Stocktwits Users Request 

Please keep in mind while Analyzing this stock I did not take any news, possible deals or rumors in consideration.  I strictly followed technical indicators based on the current chart. All my Analysis is purely based on charting and technical signals. Feel free to provide your opinion if you feel that I am wrong. Happy Trading.

Zynga Inc (ZNGA)

Chart is self explanatory. My view on ZNGA is pretty neutral. As you can see there is a possible W-Bottom forming on Bollinger Bands. If it follows my chart we will see another low of 3:25(low Bollinger Band)  before any bullish signal.  I would personally wait a few days and see where it settles and if 3:30 support holds before even thinking of starting a position. So far its accumulating in 3:30-3:40 range.