Hey guys , this is my watchlist for tomorow. I only have one stock to watch and maybe I will be able to do my first trade because this is a long position and like I said i can't short so there you go:
MEET: Why I like this stock:
- There is a good uptrend flag pattern.
- The candle of today break the resistance of the flag.
- The stock went huge today and close very strong for a gain of 9.7 percent.
- The volume was HUGE and was above the average volume and above the voume of the previous day.
- The MA 200 is below the stock so this is good because tomorow i'm trading in the initial moove of the stock for a long position.
- Also MEET had some good news recently so this is an other reason why I will look for a buy tomorow.
- Also the price today break the 52 week high so this is very strong.
- Potentiel Buy
- Entry: 4.81-4.82
- Stop: 4.61
- Target: 5.21
- Risk reward: 2:1
- number of shares: 202
- If the price gap up above 4.82 and run up , I will not trade it.
- If the price gap around 4.82 and stay at that price for a moment, I will buy it.
- If the stock gap down below my stop, I will not trade it.
- If the price gap down above my stop and comeback at my entry price during the day, I wil buy it.
Follow me on profit.ly for more Watchlist and have a good night!!