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.

Plan:

• 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!