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Monday, November 14, 2011

Molycorp (MCP) & Research In Motion Ltd. (RIMM) - Weekly Stocks Pick November 14-18, 2011

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 November 14-18, 2011.You can also check previous stocks to buy reports - Right here & Previous Weekly Stocks Pick Gainers- Right here

Molycorp Inc. (MCP)- Share of  Molcorp (MCP) was trading closed low $33 last week because of good earning news. Molycorp will have resistance at $36 follow by $42 and support area $33 if broke $33 stock could test last low $29.This stock is buy any correction under $30 again for swing trade. I will keep on eye for this week. 

11/14-11/18 Weekly MCP resistance, pivot & support
Resistance R3 49.65 R2 46.27, R1 39.86
Pivot Point 36.48
Support  S1 30.07, S2 26.69, S3 20.28

Technical Analysis Stock Charts: Charts Below
60m chart
Daily chart




Research In Motion Ltd. (RIMM)-Research in Motion (RIMM) is continue tank tanking after bad earning news few weeks back. Research in Motion will have resistance on the upside level at $20 & $22.  I think stock will say this area low $17 next support.RIMM is a strong buy low $20 now.I just want play in oversold stock play next week.This is my one top pick for 2012.This stock is play for take over target stock.

11/14-11/18 Weekly RIMM resistance, pivot & support
Resistance R3 21.61, R2 20.46, R1 19.47
Pivot Point 18.32
Support  S1 17.32, S2 16.18, S3 15.19

Technical Analysis Stock Charts: Charts Below
60m chart
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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