As indicated in the weekly chart below Jabil Circuit (JBL) rallied from 2009 to 2012, however this rally was extremely volatile & showed large pullbacks sometimes even breaching major pivots to just turn back again. Overall the stock did gain over 600% but it was really an investors nightmare to remain in the stock. Now after a year long consolidation, the stock again began to move up & made it out of it's top resistance range, but again has started to see large dips recently.
The stock is an extremely volatile investment option & should only be held by investors that are open for large risks in their portfolio. But as risky stocks go it is a multi-bagger.
The stock was headed for a very strong resistance at 22.5 & has since failed to remain over it. It quickly lost base over 22.5 which goes to say that the stock is not a good investment hold as of now especially if it breaches any other lower support levels. Support levels are seen at 21.4, 20 & 19.5. The support level at 21.4 if broken will take the stock to much lower levels & will make it even tougher for it to move back up again.
Resistance is very strong at 22.5, moving over which is very critical & base formation patterns above this price level are necessary for the future of any rally in the stock. There is also another minor resistance at 23.5.
As of now the stock does not look like a good hold for investors unless it can make it above 22.5 & stay above it. The stock also in general is very volatile & risky in nature so best avoidable for the risk averse.
Click to enlarge - Crude Oil NYMEX Daily Chart
USD/EUR the currency pair has been in a very large sideways zone for the last 5 odd years, all bullish trends did not last over 6 months except for just one in 2012. Now the Forex pair has entered an even smaller compressed price zone since the last 8/10 months. We take a look at this in our new video in detail.
Subscribe to our YouTube channel - http://www.youtube.com/user/BlueMetalMoney
USD/EUR Currency Pair Video - http://www.youtube.com/watch?v=mamIGxO32d8
Southwest Airlines (LUV) has been on a very successful up move, since the beginning of December 2012, when we entered the stock at the break of 9.17. It has been one of the most consistent stocks in the American equity markets, so far giving returns of over 55% over the last 8 months. The stock is still looking very good, holding recent support levels very well.
Watch the video on Southwest Airlines at the link below to see the full detailed analysis on the stock & to know the present support & resistance levels.
Southwest Airlines (LUV) - NYSE - Video - http://www.youtube.com/watch?v=FM7Gre3et1o
Subscribe to our YouTube channel here - http://www.youtube.com/user/BlueMetalMoney
I'm looking at JDS Uniphase (JDSU) listed in NASDAQ today. The stock signaled a bearing move in February 2013 and has since been in a downward trend. Recently the stock moved up a little, but this has not yet signaled anything new in the stock.
Do watch the video below to know more in detail. I've discussed the support and resistance levels in the video and they're also below for reference.
Supports - 15.27
Resistances - 14.44 & 13.66
You can visit our YouTube channel here - www.youtube.com/user/bluemetalmoney
Today's JDS Uniphase (JDSU) Video - http://www.youtube.com/watch?v=2B9nt2FRjgg
Here's my opinion on Silver in US Dollars looking at Silver Continuous on COMEX & also in Indian Rupees looking at Silver 1KG 1 Month contract on MCX. I'm also looking at these two example to illustrate how correlation does not work for trading or investment. Included below are the charts, and also the details of support and resistances as seen on both the Silver contracts. Also do watch the videos below, in both English & Hindi for a more in-depth look at Silver.
The last trade in EMC in 2012 ended up with very little profit but technically ran only for a couple of months, now EMC is poised for another up-move in 2013.
EMC broke resistance at 24.55 signaling a buy in the stock with a stop loss of 21.45 & support at 23. Resistance for the stock is seen at 25.3 breaking which it should move to the next resistance at 27.6 which is an important area for the stock. If and when 27.6 is breached, significantly, we might see much higher levels on EMC.
Supports - 23, 21.45
Resistances - 25.3, 27.6