• AMZN: Long; Entry $362; Stop-loss: $355; Target: $380

    Last Updated: 04/03/14 at 11:19:39 AM EDT
    amzn-stock

    Stock: AMZN (Amazon), Leading Online Retailer Sector: Services

    Time Span:  August 2013 – Feb. 2014

    Strength: Weak, Moderate, Strong, Growth

    Chart Patterns: Support Area Rebound.

    Strategy:  In Jan 2014, AMZN reported slightly disappointing Q4 results, causing the stock to fall to its $350 support zone. However, it failed to break that defensive barrier, indicating bargain-hungry traders were buying at that price. This is a positive sign, suggesting a potentially profitable trade to the upside.

    Entry point is $362; Stop Loss: $355. Target Price: $380, in line with the 50-Day key moving average. $380 is also its support zone before the earning report. It would be a resistance now.

    Update: AMZN reached its target of $380 few days later on a quick spike, thanks for AMZN’s announcement of its rate hike of its Prime Service.


  • UA: Long; Entry: $116ish; Stop-loss: $113; Target: None

    Last Updated: 04/03/14 at 11:20:25 AM EDT
    ua-stock

    Stock: UA (Under Armour), Leading Sport Clothing Maker. Sector: Consumer Non-Durable

    Time Span:  August 2013 – Feb. 2014

    Strength: Weak, Moderate, Strong, Growth

    Chart Patterns: Trend Continue To Upside with a Bull Flagging Pattern.

    Strategy:  In Jan 2014, UA reported a strong Q4 results, beat on EPS and REV, raises FY 14 guidance, causing the stock to move higher. It formed 1st post-earning Bull-Flag pattern with a buy point of $109. Now it is forming a 2nd Bull-Flag Pattern with a buy point around $116, inside the range. Market shows some weakness recently, but it does not effecting UA. This is a positive sign, suggesting a potentially profitable trade to the upside.

    Entry point is $116ish; Stop Loss: $113. Target Price: NONE, because a successful breakout leads to unlimited sky. Let the stock go till it goes weak.

    Update: UA took out $120 resistance level days later, after the company decided to make second round of stock spilt. Stock topped out at $124 mark then it retreated back down amid general market weakness. Trade closed at $121.


  • KORS: Long; Entry $97-$98.5; Stop-loss: $92.5; Target: None

    Last Updated: 04/03/14 at 11:19:58 AM EDT
    kors-stock

    Stock: KORS (Michael Kors), Leading Fashion Products Maker. Sector: Retail

    Time Span:  August 2013 – Feb. 2014

    Strength: Weak, Moderate, Strong, Growth

    Chart Patterns: A Bullish Flag Pattern in an Uptrend. Suggesting a trend to continue To Upside.

    Strategy:  In February 2014, KORS reported strong Q3 results, beat on EPS and REV, and raised FY 14 guidance, causing the stock to move higher. It formed its 1st post-earning Bull-Flag pattern with an ideal buy point range, from $97 to $98.5. Now, it is pressing against the near-term $99 area resistance. Market has been showing some weakness recently, as well as an initial rating of “Underweight” from Barclays. But it does not slowing KORS, This is a positive sign, suggesting a potentially profitable trade to the upside.

    Entry point: $97-$98.5; Stop Loss: $92.5. Target Price: NONE, because a successful breakout leads to unlimited sky. Let the stock run till it’s winded

    Update: KORS trade stopped-out at $92.5 when market unfolded itself to the downside. Former market leaders, including KORS get sold off as people pulling out their capitals amid market weakness.