Hey guys , this is my watchlist for tomorow so there you go:
CC: Why I like this stock:
- Nice uptrend flag pattern
- The candle of friday broke the resistance of the flag with strength and gain 6.28%.
- The candle finished very strong near it's high and the stock made his new 52 weeks high so this is very strong for a potential buy tomorow.
- I like to see a big uptrend move and then to see the price retrace a little bit with low volume and then break that new high with high volume and this is a perfect example of this kind of scenario.
- The stock is above the MA 200 and the MA 50 and that's what I want to see because I want to trade with the trend and not against it.
- Also the industry is strong and is above the MA 200 so we are trading with the industry also , this is very important to have the highest potential as we can.
- Potential buy
- Entry: 14.67-14.68
- Stop: 13.65
- Target: 16.71
- Risk reward: 2:1
- Number of shares: 46
- If the price gap up above 14.68 and run up fast, I will not trade it.
- If the price gap up around 14.67 and stay for a moment around this range, 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 for more watchlist and I hope you like it.
Thanks for your time and have a great night!
Received 1 Karma