Chart of the week

Chart of the week

Date: 04/26/2010

Symbol: HOLX

Company Profile: Hologic, Inc. develops, manufactures, and distributes medical imaging systems, and diagnostic and surgical products for serving the healthcare needs of women

Sector: Healthcare

Industry: Medical Appliances & Equipment

TRADING PLAN

Entry price: long above 18.38

Stop price: stop under 18.00 18.15)

Target: 19.50-20 areas

Chart explanation: HOLX trying to bounce from weekly 10sma after move up and consolidation. On the daily chart that is cup and handle and handle is my interest. I will look for HOLX to back at previous high and depends on action (pace and vo9lume) I will see if HOLX can reach weekly 200sma what will be final target area.
If anyone have any question or need update feel contact me over email or in the live trading room.

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Wish you all good trading!!!
Kind regards
Ivica
http://www.ivicatradingcharts.com/

Chart of the week

Chart of the week

Date: 04/05/2010

Symbol: ADSK

Company Profile: Autodesk, Inc. operates as a design software and service company. The company’s Platform Solutions and Emerging Business and Other segment provide AutoCAD computer-aided design application for professional design, drafting, detailing, and visualization; and AutoCAD LT software for professional drafting and detailing.

Sector: Technology

Industry: Technical & System Software

TRADING PLAN

Entry price: long above 31.23

Stop price: stop under 30.93

Target: 32.50 areas

Chart explanation: Idea is daily continuation pattern and weekly 200sma is around 32.50 areas and because of that I will use it as target area. If market will continue with strength then I believe ADSK will see target area with good risk reward. Trading plan is based on Friday high/low.
If anyone have any question or need update feel contact me over email or in the live trading room.




Wish you all good trading!!!
Kind regards
Ivica
http://www.ivicatradingcharts.com/

Chart of the week

Chart of the week

Date: 04/05/2010

Symbol: WYNN

Company Profile: Wynn Resorts, Limited, together with its subsidiaries, engages in the development, ownership, and operation of destination casino resorts.
Sector: Services
Industry: Resorts & Casinos

TRADING PLAN

Entry price: long above 78.00

Stop price: stop under 75.50

Target: 90-100 areas

Chart explanation: WYNN formed continuation pattern on weekly time frame, but also we can see that consolidate several months under and that small weekly bar is trading plan. On the daily chart it is triangle and need to stay above 10sma what will be stop. In case that market will start with exhaustion move what I described in market commentary I believe that WYNN could follow it and monthly time frame chart support that possibility
If anyone have any question or need update feel contact me over email or in the live trading room.




Wish you all good trading!!!
Kind regards
Ivica
http://www.ivicatradingcharts.com/