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.

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.