Today we’ll be looking at 4 stocks that I have recommended in the passed and have (cough, cough) all made huge gains since. Most of these stocks seem to be in short-term crossroads to either break higher or retreat to support.
Clearwire (CLWR)
Oh, how good it is to be patient. This stock once again looks to be flirting around the resistance of $9. Obviously, a close over $9 will be highly welcomed otherwise we could see the stock come back and test support around $7.70ish.
AK Steel (AKS)
A nice channel has developed since the pop from $7 to $18. From the chart, you clearly see the trading range is between $19.50 and $23.50. We are at the very top the trading zone, so watch for a bounce lower or break above. The MACD just experienced a bullish crossover, so that could be in favor of the stock.
JA Solar (JASO)
Another stock stuck in a mini-range. Bouncing between $3.80 to $4.20, I’m sure by now you get how to play this. The MACD also look to be turning around, and the making this latest upswing much stronger. RSI looks like it might finally break through 50 for the first time in nearly 2 months.
Bank of America (BAC)
Another interesting watch here. Over the last couple of months, the same pattern has resulted in major upswing to another level. It will be interesting to see what happens here as many believe financials should take a hit over the next couple of months; however, those same people have been saying it since Bank of America was below $10.
If you’re confused about this form of analysis or just want to learn technical analysis then now is the time to learn it.