Monday, May 20, 2013

AAPL, GOOG and GS, NFLX and PCLN Technical Analysis

AAPL: Not much to say, price is still below the 5/15/2013 high resistance and this is still short-term bear biased until then.




GOOG: Same target at $925 as it's still above support level, it's a bull train until it violates the trend



GS: Last resistance at $159 is almost hit exactly, next resistance is at $164 when price confirms a decisive breakout at the 159 resistance. Patience paying well.



 NFLX: Out of play now as it got rejected near the $250 resistance



 PCLN: We're way above the 100% measure move in premarket right now. Trim and trail bull train.



Warning again: Be cautious with these bull trains once they violate support, we're overextended on price.