A couple days back I just noticed that the thinkorswim desktop trading platform was available to TD Ameritrade users. So I quickly installed the program and gave it a run. Lets just say, I think I’m in love.
Below are couple stock charts, that caught my eye…
YRC Worldwide Inc – YRCW
This specific setup is somewhat common to what many great pullback plays occur from. Obviously, we want to see rise higher from here. Stop below $4.22.
Bank of America – BAC
Just when we thought all was lost with this stock more support kicks in. Along with the bounce off support trend line, both the MACD and RSI are in bullish directions.
Clearwire – CLWR
Clearwire seems to be running in a typical fibonacci pattern. Bounce off 62% line and move higher. An even more bullish sign would be a break over the 38% line.
The PMI Group – PMI
There are two things here: (1) looking for simple bounce off trend line and (2) if that bounce happens, look for a development of a possible head and shoulders pattern.
Ariad Pharmaceuticals, Inc. – ARIA
Both MACD and RSI look like they are starting to move upward from the lower range. Combine that with possible bounce off support line, and we could get a nice bounce here.
Delta Petroleum Corp. – DPTR
The stock dipped heavily due to concerns of dilution of shares. That being said, we have two possibilities here: (1) we can manage to get some spike higher or (2) nothing happens and the stock is just flatlined.
Learn about RSI, MACD, and other chart patterns and indicators here.
See what the triangles have to say. Get a free trend analysis for any of these stocks.