Hey guys this is my watchlist for today. I only have one stock:
FB: Why I like facebook:
- Nice uptrend ascending triangle.
- The candle of friday broke the resistance of the triangle with strength.
- The candle of friday finished very strong near it's high of the day and gain 1.59%.
- The volume was above average and was above the volume of the previous day.
- The MA 200 and the MA 50 is below the stock and that's what i want because i will look for a buy today so i'm trading with the trend and not against it.
- The stock made also his new high of all time so this is very strong for a potential buy today.
- Potential buy
- Entry: 132.07
- Stop: 129.98
- Target: 137.46
- Risk reward: 2:1
- Number of shares:
- If the price gap up above 132.07 and run up fast, I will not trade it.
- If the price gap up around 132.07 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 at my entry price during the day, I will buy it.
- If the price gap down below my stop, I will not trade it.
Follow me on profit.ly for more watchlist and I hope you like it!
Have a great day!