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 Pivot Point 36.48
Support S1 30.07, S2 26.69, S3 20.28
Technical Analysis Stock Charts: Charts Below
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 Pivot Point 18.32
Support S1 17.32, S2 16.18, S3 15.19
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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