Hey guys , this is my watchlist for tomorow. Note that because of Brexit on Friday, I will not consider to go Long tomorow. I would wait that the market stablize because it's more safe for you to not loose money.

Although, I have three stocks to watch for a potentiel short. There you go:

 

FBR: Why I like this stock:

• Nice downtrend flag pattern.
• The candle on friday break the support of the flag.
• The candle on Friday finished very strong at the low of the candle with a lost of 7.88%.
• The volume on friday was huge and was above the average volume and was above the volume of the previous day.
• Also ,I like the fact that the stock reached is new 52 weeks lows.
• The MA 200 and 50 is above the stock and tomorow, I will look for a potentile short so I'm trading with the stock and not agaisnt it. ( It's important to remember that!!)

Plan:

• Potentiel short
• Entry: 7.14-7.15
• Stop: 7.39
• Target: 6.76 (sell 2/3 of my shares)
• Risk reward: 1.62:1
• Number of shares: 138
• If the price gap down below 7.14 and run down fast, I will not trade it.
• If the price gap down around 7.15 and stay for a moment at this price, I will short it.
• If the price gap up below my stop and run up during the day above my stop, I will not trade it.
• If the price gap up below my stop and fall down during the day at my entry price, I will short it.
• If the price gap up above my stop , I will not trade it.

 

 

 

WDR: Why i like this stock:

• Nice downtrend flag pattern
• The candle of friday break the support of the flag.
• The candle of friday finished srong near it's low with a lost of 8.57%.
• The volume was very huge and was above the average volume and above the volume of the previous day.
• The stock made his new 52 weeks low on Friday so this is pretty strong for a bearish moove.
• The MA 200 and 50 is above the stock and i'm trading for a short tomorow so i'm in the right direction and not against the stock trend.

Plan:

• Potentiel short
• Entry: 17.18-17.19
• Stop: 17.91
• Target: 16.00 ( sell 2/3 of my shares)
• Risk reward: 1.65:1
• Number of shares: 40
• If the price gap down below 17.18 and run down fast, I will not trade it.
• If the price gap down around 17.19 and stay for a moment at this price, I will short it.
• If the price gap up below my stop and run up during the day above my stop , I will not trade it.
• If the price gap up below my stop and fall down during the day at my entry price, I will short it.
• If the price gap up above my stop, I will not trade it.

 

 

 

MNGA: Why I like this stock:

• The stock just made his new 52 weeks low.
• The candle of friday finished very strong at the low of the candle with a lost of 7.79%.
• The volume of friday was huge and was above the average volume and above the volume of the previous day.
• The MA 200 and 50 is above the stock so I'm trading with the stock and not against it because I look for a short tomorow.

Plan:

• Potentiel short
• Entry: 0.6850
• Stop: 0.7150
• Target: 0.6250
• Risk reward: 2:1
• Number of shares: 1000
• If the price gap down below 0.68 and run down fast, I will not trade it.
• If the price gap down around 0.6850 and stay for a moment at this price, I will short it.
• If the price gap up below my stop and run up during the day above my stop, I will not trade it.
• If the price gap up below my stop and fall down at my entry price during the day, I will short it.
• If the price gap up above my stop, I will not trade it.

 

 

 

Follow me on profit.ly for more watchlist and thanks for your time, I hope you like it.

Have a good night and remember that i'm here to help you so ask questions if you want to:)

 

Trade without emotions!!