First is AAPL. This is a watch and you would wait until it breaks out of the Bull Flag or creates a pivot low.
Chevron is also forming a Bull Flag and just like Apple above, wait for the breakout. I currently own Chevron.
I like Ford but we have a down trend and up trend that will collide soon. A break in one direction or other should happen soon. Price is also below the 200 day moving average which makes this trade a little risky. I would also have to see a price break above the last pivot high before I invested in Ford.
First Merit is a slow grinding stock but it is working on another Bull Flag and worth watching. I currently own this stock.
GE current uptrend is a little steep so I would think that it would have to slow or consolidate for awhile, but a bull flag is forming, so I will play it if there is a breakout up.
No comments:
Post a Comment