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US Stocks outlook
ORCL buys Sun
It is official. ORCL will be buying Sun common stock for $9.50 per share in cash. Here is a quick look at the chart for ORCL from Elliott Wave perspective. Enjoy
Can SBAC decline to $10 again?
In our post of 16 December where we presented Elliot Wave Analysis of SBA Comms Corp, we said that for this stock to come down, we really would like to see a fast paced move in that direction. Otherwise the risk increased to the upside. The main reason for this is
Colgate Palmolive begins next attempt higher
On 1st December 2008 we looked at Colgate Palmolive and decided that although it looked ready to breakout of a series of resistances we would be better off waiting for a small dip. This has materialized
Elliot wave analysis of SBA Comms Corp
First, why did I choose SBA Comms Corp for this trading idea? The reason is quite simple. Someone drew my attention to a potential wedge like pattern that is bearish. Can this stock go a lot lower that the $9.49 already seen?
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