Friday, May 24, 2013

$FB head&shoulders neck breach

1 close below 200SMA & H&S neckline 'breaches.' another lower close 'confirms' both have been 'broken.' if H&S neck is broken, measure move down to $16 target.




SPX elliot wave




Thursday, May 23, 2013

HPQ analysis

fundies:
just beat ER. lower consecutive revs, but higher EPS on higher margins
400% volume increase
52-week high
BETA 1.52
79% institution ownership
3% short
cash & cash flow
75 cent ATR


day fib fan 2 resistance @ $24.95



day above all MAs, breakaway gap, RSI wedge resistance


day IHS breakout, sloping down, better perfprmance


weekly 38.2% fib retracement resistance @ $25.88


weekly j-hook above all MAs


weekly descending trendline break, IHS neck break, trading upto broadening wedge top line

i bought HNZ (heinz) on 1/18/13 @ $60.00. month later on 02/14/2013 warren buffett announces buying heinz for $72.50 cash per share; resulting in a quick 21% gain.

i bought HNZ (heinz) on 1/18/13 @ $60.00. month later on 02/14/2013 warren buffett announces buying heinz for $72.50 cash per share; resulting in a quick 21% gain. its a cool feeling knowing u picked a stock the best investor in the world wants to own; and u picked that stock 21% lower than him. since the announcement i been holding the shares waiting for a "buy-out date." no articles or brokerages have any info on when the shares will turn into cash. as many of u know when a stock is announced to be bought-out, the price action on the chart immediately trades at the buy-out price. and will continue trading daily in a very tight sideways consolidation, fluctuating around the buy-out price. the deal could possibly change, but since buffett was blamed for paying too high for the company, it probably wouldnt be for a higher premium. tho the securrity of a stable stock price while collecting the 2.8% annual divy has been a nice situation, id rather put that money to work in this bull market. today i decided to sell at the market @ $72.42, which is pretty much the exact same as getting $72.50 cash from buffett. see ya on the next 1 buffett!

link to buyout news:
http://news.in.msn.com/business/warren-buffett-buys-heinz-in-largest-ever-food-industry-dollar28bn-deal



$TSLA swing trade set-up:


pyramid buy1 @ 93.02 (penny above 5/23/13 high)
pyramid buy2 @ 97.12 (penny above flag pole high)
3% stop-loss @ 90.33 (penny below 3EMA)
45% target bull flag measure move @ 139




$SCTY (solarcity) swing trade set-up:


pyramid buy1 @ 47.32 (flag resistance breakout)
pyramid buy2 @ 52.78 (above flag pole high)
3% stop-loss @ 45.71 (penny below 3EMA)
55% target bull flag measure move @ 82




$GOOG weekly chart 5-year support trendline