During last week of trading, there were many stocks that continued to break out to the upside. Watch Resistance & support levels Below are a list of stocks that I am watching for April 18-22, 2011.
Las Vegas Sands Corp. (LVS)-Las Vegas Sands Corp. is trading $40-$44 last week. Las Vegas Sands Corp will have resistance level at $46 now. Las Vegas Sands (LVS) continues to be a buy below $38. I will trade in both side in coming days.
04/18-04/22 Weekly LVS resistance, pivot & support Pivot Point 43.81
Support S1 42.74, S2 41.35, S3 40.28
Technical Analysis Stock Charts: Chart Below
60m chart
Daily chart
Bank of America Corporation (BAC)- Bank of America Corp (BAC) will now have resistance at $13.96 which is the 200 day moving average. Bank of America would close below $13 on Friday and BAC stock could test $12 area level.Next support area is $12.50 and follows by $12.15.Bank of America can close and hold above $15, the stock could easily $16-$17.On the downside, BAC is a strong buy under $13 if we see a pullback.But this low risk banks stock.This is my one top pick for 2011.
04/18-04/22 Weekly BAC resistance, pivot & support Pivot Point 13.09
Support S1 12.54, S2 12.27, S3 11.72
Technical Analysis Stock Charts: Charts Below
Daily chart
Weekly Stocks Pick Rule: When ever I buy or short stocks if that stocks go up short term quick 5-10% gain, I took profit and buy back in low price again. When ever I buy stock always have stop price. Always protect my original capital.
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