Stock pick for 12/12/2011
KMP - long
Technical view: For now KMP obviously look as “own way” chart. We can see clear uptrend and several day’s consolidation (odds for 10sma bounce) what result with daily triangle and weekly continuation pattern. My interest is above 79.25 and break above $80 will confirm upside continuation and new ever time high.
GOOG - long
Technical view: On the daily chart we can see classic move – rest (base) – move (?) possibility. But interesting is to see GOOG monthly chart too. If GOOG will break above $650 area that will be monthly breakup confirmation and could lead to longer swing position what can be good info for position traders. For start I will look for swing setup above $630 and then we will see pace and volume for rest.
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