( click to enlarge )Google Inc (NASDAQ:GOOG) recently broke down from its consolidation pattern. If you notice on the chart, the MACD made a bearish crossover below the zero line as the break down took place. As for my technical analysis , the stock could continue to go down and find some support around 840. If that support does not hold, the next support could be the rising EMA200 at 813. Daily technical indicators are bearish. MACD is dropping into negative zone and is below its signal line. Both RSI and Slow Sto have entered their respective oversold zones. Short-term Bearish.
( click to enlarge )Amarin Corporation plc (NASDAQ:AMRN) surged 2.85%, with volume which was nearly 2x above average. The move pushed the stock above the 5.74 resistance level and gave a pocket pivot buy point. Lets see if tomorrow it breaks over $5.86
( click to enlarge )Goldcorp Inc.(NYSE:GG) A potential inverted Head & Shoulders pattern is forming on the daily chart. A breakout above 30 will confirm this formation. If this scenario happens, expect more upward moves towards the 32 to 34 region. Long set-up on watch.
( click to enlarge )AngloGold Ashanti Limited (NYSE:AU) We're getting closer and closer to a resolution of the current downtrend. For long positions to be initiated the stock needs to close above the 50-day EMA.
( click to enlarge )Applied Micro Circuits Corporation (NASDAQ:AMCC) is holding up and near its all time high price. Worth watching long above 12.75
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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.
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