Position trade

I

ivica

Date: 07/21/2008

Symbol: NAT

Company Profile:
Nordic American Tanker Shipping, Ltd. owns and operates crude oil tankers. The company operates its vessels in the spot market, on time charters, or on bareboat charters.

Sector: Services
Industry: Shipping

Chart explanation:

I will look for NAT setup based on the weekly chart and that mean above last week high. Swing traders can look for $45-50 target area and they can use weekly chart for trading plan. Position traders can use weekly chart for setup and much bigger target. $55 area is all time high and resistance area. For stop I will use 10/20sma on the monthly chart, depend on breakup pace and volume.

If anyone will have any question about NAT setup or about any other please feel free to contact me.


Kind regards
Ivica Juracic
 
Symbol: ESS

Company Profile:
Essex Property Trust, Inc., a real estate investment trust (REIT), engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities primarily in the West Coast of the United States

Sector: Financial
Industry: REIT- Residential

Chart explanation:

ESS holding very well and if we compare monthly indices charts and ESS chart it is obviously that ESS have own way and it is much stronger. I like reversal head and shoulder pattern what could bring ESS to previous monthly high and daily triangle is good trigger what can help us to increase reward and it can be used for swing setup. Setup will be above daily triangle with stop under 50sma daily (green line) for start,

http://tinyurl.com/5e6fnn
http://tinyurl.com/65kh8u

If anyone will have any question about ESS setup or about any other please feel free to contact me.


Kind regards
Ivica Juracic
 
Symbol: SON

Company Profile:
Sonoco Products Company manufactures industrial and consumer packaging products, and packaging services primarily in the United States, Europe, and Canada

Sector: Consumer Goods
Industry: Paper & Paper Products

Chart explanation:

SON form reversal head and shoulder pattern on the monthly chart and I will look for breakup above neck line. First resistance area is also equal move on the monthly chart and previous high will be bigger resistance area. For stop I will look on weekly and daily charts and it will depend on breakup pace and volume. All updates will be on the site.

If anyone will have any question about SON setup or about any other please feel free to contact me.


Kind regards
Ivica Juracic

http://tinyurl.com/6zapw3
http://tinyurl.com/5a7x26
 
Symbol: INTU

Company Profile:
Intuit, Inc. provides business and financial management solutions for small and medium sized businesses, financial institutions, consumers, and accounting professionals in the United States, Canada, and the United Kingdom.

Sector: Technology
Industry: Application Software

Chart explanation:

INTU holding very strong and despite of market behaviors closed at highs what suggest for breakup after several consolidation days. We can also see on the monthly chart that is third try to break up and I will look for more strength in the future. We can use it for day trade, swing and position trade and that will be my start. I will use setup above $32. Day trade stop is under 20sma 15 min, swing trade stop is under 20sma on the daily chart and position stop is under 20sma on the weekly chart.

If anyone will have any question about INTU setup or about any other please feel free to contact me.


Kind regards
Ivica Juracic

http://tinyurl.com/4qfubj
http://tinyurl.com/4rqmm4
 
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