Hey guys, this is my watchlist for tomorow.
HDS: Why I enter the trade:
There is a nice flag pattern.
The candle of today broke the flag with strength.
The candle of today finished very strong and gain 4.33%.top
The volume was huge and was above the average volume.
The stock made his all time high and is above the MA 200 and the MA 50 so this is strong for a potential long tomorow.
I want to trade with the trend and not against it , im looking for a strong uptrend , a little consolidation and then a breakout with strength and thats what happen with hds so i will look for a buy tomorow.
The industry is also strong so im trading yeah with the trend of the stock but also the more important with the industry.
Plan:
Entry: 43.53
Stop: 42.41
Target: 45.77
Risk reward: 2:1
Number of shares: 56
PI: Why I enter the trade:
There is a nice ascending triangle.
The candle of today broke the resistance of the triangle with strength.
The candle of today finished very strong near it's high and gain 12.94%.
The volume was huge and was above the average volume.
The stock made his all time high so this is very strong for a continuation of the trend.
The stock is above the MA 200 and the MA 50 and thats what i want to see because im looking for a buy and i want to trade with the trend and not against it.
The industry is also very strong and healthy on a long term perspective so im also trading with the industry.
Plan:
Entry: 40.16
Stop: 36.95
Target: 46.57
Risk reward: 2:1
Number of shares:20
Hello...I'm new to trading and I would like to know how you do it? 40% is good.
@fabbehn read some books about technical analyst. im far to be great at trading
the winning rate does not mean nothing
mean nothing*
Join now or log in to leave a comment