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Thursday, August 16, 2012

Stock chart analysis for August 16th.

New target for Facebook (FB) 19.29 Buy at the close if FB closes below 19.29
FB
New target 19.29
UVXY is a sell below 5.44 but buy above 5.44

uvxy
UVXY is a sell below 5.44 but buy above 5.44

Look at the spike again, the volume is completely dead. 13205 and 1410 are the important resistance to watch if it breaks stocks will be in bullish zone. But if it closes below that its bearish zone. After hour earning: VNET, ARO, AVGO, BRCD, DRYS, GPS, NWY.

dow
Same story again, no volume but stocks going higher. 13205 is the level to watch
dow
Dow stuck in channel since august 3rd between 13,100 and 13205.  Don't be long here.