Like all energy related stocks, XOM is quite extended. This bounce may be a chance to short it. The stop can be placed somewhere above the SMA5.
Tag Archives: Bounce
XOM
Like all energy related stocks, XOM is quite extended. This bounce may be a chance to short it. The stop can be placed somewhere above the SMA5.
GOOG slips again
GOOG is at previous low, which is the support. Will it stick, don’t know. The bounce needs some kind of news or rumors. Or MM may stage a shake out to break the support.
GOOG slips again
GOOG is at previous low, which is the support. Will it stick, don’t know. The bounce needs some kind of news or rumors. Or MM may stage a shake out to break the support.
LFC
LFC bounces back after touching the uptrend line. The bounce came with decent volume. It’s a buying opportunity right now. The Dec 30 covered calls expired worthless. I will sell some covered calls at 30 level again. This time, it may break 30 and move forward, but I’d rather buy it back later at higher price after it takes out 30.