Hey guys this is my watchlist for tomorow.
WAL: Why I like this stock:
- There is a nice ascending triangle.
- The candle of today broke the triangle with strength.
- The candle of today finished very strong and gain 2.6%.
- The volume was huge and was above the average volume and was above the volume of the previous day.
- The stock made his new high so this is very strong for a potential buy tomorow.
- The MA 200 and the MA 50 is below the stock and that's what i want to see because i want to trade with the trend and not against it.
- The industry has also a strong long term chart so will see tomorow.
- Potential buy
- Entry: 39.27
- Stop: 38.13
- Target: 41.55
- Risk reward: 2:1
- Number of shares:
- If the price gap up above 39.27 and run up fast, I will not trade it.
- If the price gap up around 39.27 and stay for a moment at this price , I will buy it.
- If the price gap down above my stop and then fall down during the day below my stop, I will not trade it.
- If the price gap down above my stop and then run up during the day at my entry price, I will buy it.
- If the price gap down below my stop, i will not trade it.
Follow me on profit.ly or on twitter at willthetrader for more watchlist.
Thanks for your time and have a great night!