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trinicheme's picture

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trinicheme

1 year ago

in Using Support and Resistance to Predict Price on Investor in the Wilderness
I am still having some trouble predicting where to establish support and resistance of any random company that I may look at. Does it have to be over a small period of time or over a period of a couple months?
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Zach Bass's picture
Zach Bass Price support is pretty easy to figure. Here's a simplistic, yet practical view. Simply draw a horizontal line across the chart and move it up and down until the tops and bottoms of candle sticks line up. Do this using several time frames (3 month, 6 month, and 1 year charts). The more candle sticks that line up, the stronger the support or resistance.

But be careful, you must use this in conjunction with volume. Having many price points that line up on relatively weak volume, are not nearly as strong a few price points that line up on really strong volume.

1 year ago

in Apple and Markets Take a Break on Investor in the Wilderness
So do you see Apples stock returning to the 181 mark especially when they are releasing the 3G iphone next month and have lined up new carriers in a number of new countries (more than 1 in Italy which has not been the norm per country so far)? I have noticed Apple has been trading above the 13 day moving average so with all that buying occuring, wouldnt the price continue upward especially in the coming month or are there other factors?
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Zach Bass Although market events can have an affect on a stock, to some degree the anticipation of the 3G introduction is built into AAPL. What is influencing the stock right now is the broader markets, which are unwinding from the overbought conditions in the past two weeks.

So, AAPL very well could go down to 181. Considering the action today, it moved up about 1.5%, but on pretty weak volume. If the rest of the market decides to sell off some more, I don't think there will be too much resistance. Now, the question is, will it reach back down to 181 or below? Don't know. But if it approaches it, the closer it gets, the more attractive it becomes for accumulation.

1 year ago

in Is Microsoft Yahoo Serious? on Investor in the Wilderness
I have been reading that some analysts believe that Jerry Yang will have to do something drastic to change the image of Yahoo especially since they lost so much when MSFT pulled out and to promise increased growth of 25% next year.

Do you see any one of these happening which would make the Yahoo stock rise again. I know Citigroup has upgraded their stock to hold from sell (or buy if you don't have any as it won't drop any more).
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