Category Archives: US Stocks outlook

Outlook for Citigroup : 14 Dec 2010

Citigroup stock has been consolidating for over a year, and we have finally got the break to the upside. The outlook for Citi remains positive over the next several months, and I see it eventually reaching $6.38 from the current … Continue reading

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Technical analysis of Citigroup

Citigroup has been moving up quite steadily this year. Has it got more room on the upside? I think so. Take a look at the two charts here. The first chart is to illustrate how the stock has respected the Elliott … Continue reading

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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 Continue reading

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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 Continue reading

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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 Continue reading

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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? Continue reading

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Identifying the end of a trend: Citi

A lot of traders are under the impression that technical analysis will give cut and dried answers to their trading challenges. Many of those who practice Elliot wave analysis also have this notion. How I wish life was so simple! All that technical analysis does is to give you a structured approach to the market Continue reading

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Where should we exit GM?

I am quite sure that many traders have gone long on GM expecting a nice rally once the bailout details emerge. Question is, where should we take profits? Take a look at the attached chart. You will see two tops back in mid October. Continue reading

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