Laying Groundwork for Facebook and Apple
Two tech giants are due to roll out earnings this month: Apple (AAPL) is scheduled after the bell on Jan. 23, and Facebook (FB) is set for Jan. 30, also after market close. It is too early to make technical predictions based on the charts, but it isn't too early to start laying the groundwork for some trades.
The Facebook chart does offer a bit of insight. However, we have all of January to go before we'll hear from The Hoodie, so this pattern will clearly change. Based on the current formation, the stock has already fallen out of a flag and successfully tested $25, which was expected in mid-December. Now it faces $28, which is a major test for the both bulls and the bears....619 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.