Going through my watch list and a good percentage have formed double bottoms – two of the best ones are GS and AAPL, below is the list. There is 109 stocks in my watch list which 34 are potentially forming a double bottom, thats 31%. They have not confirmed.
- aapl
- aci
- adbe
- agu
- amzn
- ba
- bac
- cat
- cern
- cmi
- cof
- csiq
- esrx
- fcx
- gdx?
- hpq
- ice
- mos
- mrvl
- ms
- nflx
- pal
- pcu
- qqqq
- sndk
- spg (big part of iyr)
- sun
- t
- tbt
- v
- wdc
- wfc
- x
- xhb
Started to shifted my portfolio from short to long in the last 30 minutes of trading, seeing a possible reversal developing. Chart to follow
|
|||||||||||||||||||||||
- Click to Enlarge
Here is a sample technical trade set -up with first entry top blue oval, second entry and stop adjustment at second blue oval, with Trend line break. Target would be red oval. this is just an illustration of a trade setup under our rules, and does not construed a trade recommendation.
Do your prep make money – checkout our trading room for free. Learn to trade using options:
Follow me on Twitter