Friday, November 01, 2013

STOCK PICK FOR FRIDAY, NOVEMBER 1, 2013

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AAPL - short trade
AAPL reached monthly 20sma and on the daily chart we can see stronger pull back from high. After two consolidation days I will look for reversal continuation and move to daily 20sma what will be target area. On the 60 min chart we can see that will be triangle selling continuation.
Trading plan:
Entry:  $521.20
Stop:     $525.65
Target area:  daily 20sma
Type:  swing trade


STOCK PICK FOR MONDAY, OCTOBER 28, 2013
DHR - long trade
I like weekly continuation pattern what result with nice daily consolidation and possibility for bounce from 10sma what will be in my focus. Monthly chart suggest that DHR have room for upside action and first resistance area will be $75 area as price resistance, but with good pace we could see more.
Trading plan:
Entry:  $72.30
Stop:     $71.70
Target area:  $75 area
Type:  Swing trade



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