Radar list for the week of Nov 30 08.
These picks are intended as possible plays to add to your radar lists. Should you see an opportunity to add any of these plays i suggest that you play the support and resistance levels with an exit in mind BEFORE you enter the stock. Play the play get in take your profits or losses and get out !!!! Do NOT marry these or any other picks and you will greatly increase you chances of growing your portfolio.
I would also like to add this borrowed note from stock analyzer's earlier post as i believe that he hit the nail on the head with this statement.
Please watch the market conditions carefully, the below stocks depend on GREEN days in the market. If the market goes RED WHICH I DO SEE COMING SOON AS PART OF A HEALTHY PULLBACK, then watch for these stocks to hold support levels before buying.
This weeks picks include.
NMKT NewMarket Technology Inc
DRYS DryShips, Inc.
FNM Fannie Mae
FRE Freddie Mac
WAMUQ Washington Mutual Inc
NMKT support of .033 and .020 with resistance at the 20 MA line of .05 .063 .07 which is the 50 MA line and .083
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DRYS a play with some major upside potential imo with a rumor of some possible buzz this week. Use caution playing this one and keep you mental stop losses tight as support is clear down at 3.04 First resistance is at the 20 MA line of 10.66 and the next major resistance is all the way up to 23.93
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FNM a very popular play in our chat room that yielded many of our members some very nice profits last week. Be careful on this one as i feel that it could very easily come back and fill some gaps. Support is at .94 which is the 50 MA line and .80 with resistance of 1.31 and a possible test of the 2.76 area.
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FRE same senario as FNM with support of the 50 MA line of 1.05 and .82 Resistance is 1.21 1.54 and a possible test of the 2.95 area.
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WAMUQ Coming off of a nice v bottom wih support of .0445 and .029 with resistance of the 20 MA line of 0.53 0.11and 0.18
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Radar list for the week of Nov 30 08
Linear Mode
