Hey guys this is my watchist for tomorow so there you go:

 

MRVL: Why I like this stock:

• Nice uptrend flag pattern.
• The candle of friday broke the resistance of the flag with strength.
• The candle of today finished very strong near it's high and gain 4.29%.
• The volume was huge and was above the average volume and was above the volume of the previous day.
• The MA 200 and the MA 50 below the stock and i'm looking for a potential buy so i'm trading in the right direction and not against it.

Plan:

• Potential buy
• Entry: 12.25-12.26
• Stop: 11.94
• Target: 12.87
• Risk reward: 2:1
• Number of shares: 138
• If the price gap up above 12.26 and run up fast, I will not trade it.
• If the price gap up around 12.25 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 for more watchlist and I hope you like it.

 

Thanks for your time and have a great night!