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Long: AAPL, ANF. Short NCI, ZLC



July 05, 2011 – Comments (0) | RELATED TICKERS: AAPL , ANF , ZLC.DL


AAPL - Broke out of mini bull flag approaching a weekly downward channel resistance with good momentum. The bollinger band is opening up as it approaching the top line of the band. There is a good potential AAPL will break this channel and start a new up trend.


Here's the AAPL Trade Setup


ANF - Bouncing off a long term up trend channel support as it formed a base there around $65. Expect this stock to come back and test May high.


Here's the ANF Trade Setup.  


NCI - Very overbought at resistance of a week uptrend channel. Note that I'm ignoring the head fake in May. This is an agressive trade so take caution and take profits quickly with tight stop.


Here's the NCI Trade Setup


ZLC - Two gaps to fill on the last aggressive rally. The stock is forming a rising wedge after a hard sell-off. Entry trigger is at the break of the wedge rising support on 30Min chart.


Here's the ZLC Trade Setup.  

Good luck and trade well!



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