( click to enlarge ) Groupon Inc (GRPN) - Daily chart shows a bearish pattern. Break and close below $10.90 will favor the Bears for short term. But daily MACD is showing some divergence in favor of bulls. For this to work, the stock price should hold the support line and start to move up. ( click to enlarge ) Zynga Inc (ZNGA) - On the daily chart, the stock sold off today and made a new low for the current sell-off. ZNGA can continue going down, because there is no supports below. Unless the stock can recover above $6 again, the technical outlook for the stock will be bearish and we should reduce our exposure. Hard to say how far down it will go, since that depends on the strength of any selling. ( click to enlarge ) Morgan Stanley (MS) MACD is showing positive divergence. If the stock price does not make new lows we may see an up move. ( click to enlarge ) Apple Inc.(AAPL) closed at 579.17. The next resistance is at 580 and 588.35 respectively. The technical chart continue to show a bullish bias. The MACD line is pointing up. RSI is also increasing and is now above the 50% level. +DI is above –DI . Additionally, in the daily stock is forming a Possible Inverted H&S pattern. This pattern is a bullish one so a rally could happen. Let's see if the stock price will confirm it. ( click to enlarge ) DryShips Inc.(DRYS) shares surged more than 3 percent accompanied by a strong volume expansion. The price can move up to 2.51-2.6 in the short-term. Good base building around 2.17.
updated May 30, 2012
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