RE: US Stocks - Watchlist and Discussion
(2016-08-03, 07:56 AM)odlareg Wrote: hello Isa, I did a bit of investigation into this list. Most of them run into young or old resistence. Definitely on my buy list for today is XTLY. Will not be surprised if it will hit 19 dollar after a while. AMRN i wait for retracement.
Yes, quite a few have resistance still, obviously especially the Stage 1 stocks which will aways still be under long term resistance. So when I post stocks on the watchlist, I'm not suggesting that they are at a buy point unless I specially say, but simply they are shaping up and could be ones to watch.
XTLY did go through a buy point yesterday, but moved strongly higher, and so you need to be aware that it's already 7% above that level, and so a hard one to get into now as a trader stop would go under 11.5 imo, which is -20%, and hence you'd need to be looking for a 60%+ move for the 3 to 1 reward to risk ratio the trader method looks for.
Here's the more detailed charts of XTLY.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.