Stock Picks and Trade Ideas For Friday

Chart courtesy of stockcharts ( click to enlarge )

Google (GOOG) - From the chart above, we can see that the stock has found a nice support around the $560 level. The stock is probably back to uptrend and with KD rising we could see possible rally coming for the stock. Let’s keep an eye on her as i think momentum will pick up.

Chart courtesy of stockcharts ( click to enlarge )

After the recent fall, this stock looks like in accumulation phase. But looking ast the daily chart is difficult to judge as accumulation could take days or weeks. Futhermore, it is sitting near its 20 & 50 day moving averages, which suggest that if accumulation phase is judged correctly, then the risk is minimised to an extent. Support is now $9.61, which reflects Wednesday’s low of the day.Next buy point is when the stock makes a move above the resistance at $10 on a close basis.

Chart courtesy of stockcharts ( click to enlarge )

Apple (AAPL) is at a point where the stock is going to make a move. Whether this is an upside or down move, that has yet to be seen. If AAPL can break through May’s high of $192.24, the stock should make a strong upside move. If there is a breakout and the stock does not hold up, use your stops for this trade. AAPL is definitively a stock that will make a move.

Chart courtesy of stockcharts ( click to enlarge )

Potash (POT) - The stock broke through the highs set in April, and should continue to move. I’m buyer of Potash once it breaks through today’s high of $219.25 for the continuation move.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.

Posted in Categories: Contributor, External Research, Stocks, USA.

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