The following few stocks are on my radar for future trades. They are primarily NASDAQ stocks given the room to move on the index breakout pattern.
Deutsche Bank (DB) and Twitter (TWTR) are setting up with similar chart patterns and both are sitting under $20 resistance. Here is what I’m looking for if any mean reversion activity kicks in.
I’ve applied my TC trading template to some stock charts on MT4 and have found this to be a useful trading tool for this instrument as well. The advantage being with stocks, of course, is that the moves are usually generated over a longer time frame. The percentage returns need to be considered from the point of view about what you local banks is offering! Here are just a few charts I’ve cast my eye over this afternoon varying from daily to 4hr and 60 minute.
Gold has moved above a 6-year bear trend line and looks to be making a bullish breakout. However, traders need to watch to see if there is a weekly close and hold above this trend line to support a breakout thesis. In this post I review the charts of Gold, some ETFs and Gold stocks.
I’ve been looking for some candidates to replace Micron technology which has been a steady member of my portfolio for both holding and Option trading. Gone are the bargain $6 days as this tech stock is now trading over $30. I’m particularly keen on NASDAQ stocks as, IMHO, they have more room to move given their relative under-performance compared to the larger S&P500 and DJIA indices. This post records some of the new NASDAQ candidates I’m reviewing for their technical breakout potential and that are currently trading for under $20. I’d welcome your feedback and input here!