6 Monster Stock Market Predictions For The Week of October 7

Facebook (FBWealth Strength IndexAAPL is Extremely Up and trending Up)

Facebook was able to find support around $173, and an increase above resistance at $180 could help to set FBWealth Strength IndexAAPL is Extremely Up and trending Up up for a retest of resistance at $186.

facebook, fb

facebook, fb

 

Nvidia (NVDAWealth Strength IndexAAPL is Extremely Up and trending Up)

Nvidia had a solid bounce off support at $171, and I think the stock is on its way to $198.

nvidia, nvda

nvidia, nvda

Roku (ROKU)

Roku still has this giant downtrend to contend with, but for now, resistance sits up at $121.

roku

roku

 

Micron (MUWealth Strength IndexAAPL is Extremely Up and trending Up)

Micron found support at $42, and I think the stock will work on refilling that gap up at $48.75

Micron, my

Micron, my

 

Cisco (CSCOWealth Strength IndexAAPL is Extremely Up and trending Up)

I can’t figure Cisco out; every time I think it is going up, it goes down. Anyway, support at $46.50 needs to hold, and if it does, shares could bounce back to $49.30.

cisco, csco

cisco, csco

Citigroup (C)

The pattern in Citigroup isn’t looking very good. When I look, I see a bearish head and shoulder pattern. We have to watch this develop, but a break below $61 would suggest that the stock could fall back to $54.

Citigroup, c

Citigroup, c

 

Have a great Sunday

-Mike

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