Hey guys, this is my watchlist for today:
WB: Why I like this stock:
- Nice uptrend flag pattern.
- The candle of yesterday broke the resistance of the flag with strength.
- The candle of yesterday finished very strong near it's high and gain 5.65%.
- The volume was huge and was above the average volume and was above the volume of the previous day.
- The stock made also his new high of all time so this is very strong for a potential buy today.
- The MA 200 and the MA 50 is below the stock and that's what I want to see because i'm trading with the trend and not against it.
- Potential buy
- Entry: 52.03-52.04
- Stop: 48.47
- Target: 59.16
- Risk reward: 2:1
- Number of shares: 13
- If the price gap up above 52.04 and run up fast, I will not trade it.
- if the price gap around 52.03 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 guys for more watchlist and have a great day. I hope you like it!