Technical analysis for LMT, CMG, OIH, and ALGN stock charts + More

Recently I’ve been doing some technical analysis on many stock charts. I’ve found LMT, CMG, OIH, and ALGN to be with best plays for trading stock options. Also a review on GOOG, AAPL, RIMM, WTVI.PK below with some information on our real estate bubble we have going on today.

Lockheed Martin Co. (LMT) has a strong uptrend and will continue until broken. The current bearish conditions aren’t effecting it, at least yet. (Click image to enlarge)

LMT Daily Chart

Chiptole Resturants Group (CMG) is looking like a short-term pullback to around $59. If it supports at that level then it should continue up its trend. So far it has done very well for a new IPO in this market. (Click image to enlarge)

CMG Daily Chart

Oil Holders Trust ETF fund follows oil. Currently oil has started to move again, but keeps getting pushes down. I see OIH short-term moving further down and would place Puts. Now for tomorrow it looks like OIH and oil that plunges 4% will pop higher – see my 55 minute chart. It’s direction shows upward morning movement. (Click image to englarge)

OIH Daily Chart

OIH 55 Minute Chart

Align Technologies (ALGN) a teeth braces company has just recently bought out a partner, had a profitable quarter, was just upgraded, and is creating a strong uptrend. (Click image to enlarge)

ALGN Daily Chart

Some other stocks you should take notice of right now is Google Inc. (GOOG) falling to $458 which looks like it will fall further before it is bought into again. GOOG is sliding down against the Bollinger bands so I’d expect it to have small rebounds down. Apple Inc. was just murded down to around $83 everyone keeps talking about how it is overvalued right now, Citigroup just upgraded it to a buy with a $105 price target with excellent commentary, and it is just about to come out with new products late Feb 07. These are all reasons I think its going to get out of its downtrend and crater-like chart. I feel RIMM which is moving volatile sideways will soon push past the $140 mark to hit its target once AAPL moves fast in the same direction. The stocks almost mirror each other in movement and news.

Another stock to take notice is WTVI.PK – Wi-fi Tv Inc. I’ve bought up around 853,000 shares and thats about all I’ll invest (around $3800 position). From everyone I’ve posted with on blog discussions the investors are very unhappy with how the company is going about getting channels, members, and an audience. So am I. The funny thing is all these people have bought shares and I guess you can say we are 100% gambling with where the company will go. So far my investment has gone up 100% from $.004 to .01 below is a stock chart of WTVI.PK. I think the stock will really move if the format of the site has really changed to welcome young people and uploaded better content to keep visitors watching the channels.
(Click image to enlarge)

WTVI Daily Chart

I just recently read an article on Richdad.com’s site about the dollar falling and putting your money into gold and silver. I can’t agree or disagree because I don’t know much about buying fine metals, but what I do agree with is the real estate market is out of proportion and ready for a big bust. If you are ready you could make a fortune after the bust if you have money ready to pour into cheap fundamentally good real estate.