Investing in motorola??

Question

Hey, MOT seems to have a strong support at 9 dollars, this support has been tested many times. Now that we have had a down day and the price is getting close to 9 dollars I'm planing on buying tomorrow morning, if theirs a sudden sell off to about or close to 9 dollars. Then selling after 15-25 cent increase because its better to take profits in the market now, specially after our rising wedge pattern that was in play.

Any recommendations on this play, any news on MOT?

thanks for taking time to read this.

Answer 1

What about the Ascending Triangle on the daily chart and the Bearish Wedge on the weekly chart? Plus the price is below the 20 MA and just today moved below the 5 day MA. The volume is poor.  This stock is not one I'd trade.... maybe on the down side..... anything else doesn't make sense to me.

A buy stop above $10.50 is possible with a tight stop. But there are so many good looking charts... why go after this loser?

Answer 2

http://www.ifa.com/Library/Quotations.as...

I can't say it any better than these guys do.