April 13 Market Tips (US)

CALL:  This one looks little risky play but I am planning to play this one right at the support. Recently it had 500% volume day and we haven't see the price movement.  Based on my analysis, stocks comes back to test the supply so whoever bought that big lot, will push the price down at the breakout point, even they will try to shakeout many weak hands and then move the price in their direction.

Looking at the small size of the company and recent earning,  I don't want to bet big but his expected future looks strong and if I can get this one at support, I may play this one.

Looking at the daily graph, 20 looks like a good price to enter with stop at 18 (10% stop but I may start with the bare minimum position then add more if stock goes up)

Now lets look at its weekly graph. Stock has been in trading range from Nov, 2010 to Jan, 2012.  Almost 15 months of range which is strong for the price movement. Stock has been move by 100% and gave up 50% of the gain after bad earning.  This week we have seen the highest volume in this stock, which is making me believe that some big movement is due to happen in this one. We should see major move before the next earning.

MGAM may see higher price this week as I see lack of supply at this top price. Lets see if demand comes back here when market moves positevely or it may see lower price .....


SFLY: Looks good and it may come back again to buying price in this week.It just went up rapidly with low volume and it has high chances to come back to 27.25 price level.


XEL: Looking at the recent price move it is showing hesitance to go down with high volume. That usually shows strong demand in the stock which is stopping the price drop in the market. I am going to wait for this stock to make move in either direction....