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started by youxikale youxikale on 15 Oct 13
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    5 Stocks To Trade dre beats studio In 2013


    (Click to enlarge)Click to enlargeapple, inc. (Nasdaq:Aapl)Has continued its downtrend after the death cross and negative cmf crossover.Currently, apple is approaching its major support at $500.I do not suggest to long apple just because it is fundamentally cheap.On technical point of view, it is undergoing elliot wave c, which is about 1/3 longer and more price depreciation than elliot wave a.Given that wave a drops from $700 to $533($167 drops), technically speaking Wave C could send Apple to $400 in 2013.

    Amazon, inc. (Nasdaq:Amzn)After quickly rising from $220 to $263.11, it dropped 3.86% today.It beats dr dre is a possible double top on chart but i would not initial a short position until it crosses below ma(50)Again.After break below ma(50), I will have a short term target of $218.18 until further confirmation by then.Bearish macd crossover.Cmf is about to cross below zero.Rsi crossed below 50 centerline.Amazon's chart is giving me a very bearish impression.If going short, stop at around $260.00.

    (Click to enlarge)Click to enlargewalter investment management corp. (Nyse:Wac) I told you on Dec 21st about the exhaustion showing onWac and its possible head and shoulder pattern on chart.I believe the h pattern is fully formed.Wac is temporarily showing support from MA(50)But i think it will eventually breaks below given that bearish macd crossover, rsi beats by dr dre headphones crossing below 50 level and the significantly volume in the recent 5 trading days. Giving the short selling restriction, any bounce back would be a great opportunity to go shortWac.Stop at around $46.00.

    (Click to enlarge)Click to enlargezippcar, inc. (Nasdaq:Zip)Is showing a bullish ascending triangle on chart with decreasing volume along the formation.Cmf crossed above zero.Ma(200) is bottoming andMa(50)Is picking up quickly. If using closing prices to draw the triangle's neckline,Zip broke above the pattern technically.However to be safe, i suggest setting an entry order at $8.9(Or even safer at $9.0).A break above $9.0 would easily send the stock to $10.00 level. Keep an eye onZippcar, Inc.

    (Click to enlarge)Click to enlargezynga, inc. (Nasdaq:Znga)Has closed aboveMa(50)Yesterday and the whole candlestick is aboveMa(50).Connecting the higher lows gives us a definite short term uptrend and a great level to entry now.Ma(50)Is showing saucer bottom.Stop at around $2.25.

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