There are a lot of public companies out there. Not all of them deserve coverage. But a lot of them do. So at times, I have to take quick looks at several companies rather than trying to focus on one. This quick hits article will look at the charts for Apple, Advanced Micro Devices and Bank of America (AAPL, AMD & BAC, respectively).

Feel free to follow up with questions on these “quick hit” charts if something catches your eye….

Apple (AAPL)

This is a 2 year weekly chart for Apple (AAPL) with a Fibonacci Extension Tool overlaid on it to monitor the main 2 targets for this uptrend – the 100% and the 161.8% Target Lines from the tool. The 100% Target Line sure is approaching fast….

Monitoring Upside Price Targets for Apple (AAPL) on a 2 Year Weekly Chart

With increasing buying volume and a MACD Histogram that is showing buying momentum that is still increasing, Apple (AAPL) appears poised to[s2If !current_user_can(access_s2member_level1)]……

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If you are not a Trendy Stock Charts member, consider joining today! There are several different subscription plans available.[/s2If][s2If current_user_can(access_s2member_level1)] reach the Golden Ratio of this uptrend. Getting through the resistance area from its previous all-time high though will not be easy. At least it usually isn’t.

The first retest of a previous high is usually a high probability trade set-up. Trim shares near the prior high. Repurchase those shares 3-10% lower after the share price pulls back from the resistance area.

Advanced Micro Devices (AMD)

I will take some additional looks at AMD but I wanted to get out a quick chart today due to its bullish advance taking place.

This chart for AMD is a 2 year weekly chart with an aggressive Fibonacci Extension Tool overlaid on the chart. Since AMD’s share price is already past the 61.8% Target Line from the tool, a common resistance area, the 100% Target Line should be fast approaching.

Calculating Potential Upside Price Targets for AMD’s Current Uptrend

With higher upside price targets, AMD could be a good candidate for trading. Any trading position that goes underwater shouldn’t remain underwater for long.

Consider using any pullback to the 5 or 10 Day moving average as the initial scale-in entry point for the uptrend. Then start trading around that position.

Bank of America (BAC)

This is a 1 year daily candlestick chart for Bank of America (BAC). It appears poised for a breakout very soon after noting these bullish items:

• Increasing buying volume after a sideways consolidation
• The MACD Histogram continues to reflect decreasing selling momentum
• The MACD Histogram is almost near a neutral reading after its consolidation period
• A series of higher lows during the consolidation (appears to be an Ascending Triangle correction)

Analyzing Indicators for a Bank of America (BAC) Possible Breakout

The breakout from the possible Ascending Triangle wave pattern should bring BAC’s share price up towards the $30 area.

Trade according and good luck trading!