Sunday, January 6, 2013
4 Stocks to Buy & 1 to Sell: AAPL, AMD, ALU, NVDA, ZNGA
last Thursday on its coming turn-around after it breaks above the flag pattern. Congratulations on those who traded ALU after reading my blog. In the last post, I used absolute price change to make my short term projection, $1.75. However, if we use percentage change, in another words, extending the height of the double bottom pattern on Log chart (above), we can get a target at least at $2.00. I do not really suggest initiating long position right now due to low risk-reward ratio as the stock is at overbought level and might pullback to MA(50).