Monday, December 23, 2013

AAPL & Friends Greeted Traders With A Big Holiday Cheer

AAPL held the opening price gap from the announced deal with China Mobile. The rising price channel upper trend line near 594 still in play.

(click on the chart to get an enlarge view)
AAPL



FB made a strong breakout of the double inside bar and continue to move toward the bull flag price target near 62.

FB



TWTR had another strong day as it continues to move toward the 69/70 level.

TWTR



JPM broke above its previous high and making a move toward 60/61.50 region.

JPM



Couple retailers that might be having a good holiday season:

COH is bouncing off the 55.50 support, could be setting up for a move to break the 58 pivot and toward potential price target near 60.

COH



Possible bull flag for TJX with a price target near 70.

TJX



For the 2014 improving economy catalyst play, here are two stocks to watch.

DRYS is attempting to break a multi-year inverted head and shoulder pattern with a possible price target near 6.30.

DRYS



FCX appears to be bouncing off the rising price channel lower trend line with the upper trend line as possible price target near 41.

FCX



Happy Holidays!!!


Disclosure: Long either equity and/or option on AAPL, FB, TWTR, JPM, DRYS & FCX.


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