Coming week’s projections.
[[aa]] was unable to find support, so it continued its slide down. Should the market rise next weeks, 10$ is a sweet shorting area for this stock.
With all the negative news around [[aapl]] last time, the stock has been bitten down pretty badly. Eventually, some day, short sellers would have to cover…Before that, we need to see some sideways action. There are two ways how to play this stock on the long side, you can either wait for a breakout above 92.00, or you can buy some shares at a pullback to 85.00. I would suggest to do both, buy 1/2 at ~87.00 with a stop at 85.00 and another 1/2 above 92.00.
[[brcm]] also acted strongly on Friday, in fact it has risen above 50% Fib. retracement level from the previous high – good sing. Another “BUY” candidate. Looking for pullback to 17.00-16.80 to buy.
[[kbh]] is trading near strong support level, a good R/R trade.
[[rimm]] is a good candidate for shorting. Short at 53.00-53.50. Stop at 55.00. Target 50.00-49.00.
[[uaua]] has formed my favourite pattern – symmetrical triangle, which tend to continue previous trends, whis in this case was down. Shorting near 13.00 is quite a safe bet.
