Watchlist for last week in January

My watch list this week is just two stocks: $ROVI and $PACB both have formed bull flag patterns that have been very resilient to the market choppiness. Both look good for continuations on their upwards momentum this coming week. I am in $ROVI with a small position with my original buy at $17 per share. I think this can go over $20 per share with time (earnings in February). My price target given the high tight bull flag is $24 per share medium term.rovi

PACB looks like a nice bullish chart but I would prefer to get a buy in around the 50 ma to maximize risk reward and ideally I would like to see the RSI start to strengthen and rise towards and above 70. Both of these stocks have lovely charts thats have stayed strong even in the bear market and should with patience be nice winners. However, like with any pennystocks its worth keeping a tight stop loss (I use the 4 day ema) to ensure small losses do not devastate my account (I have been down that route before and it is a tunnel with no cheese!).

SEE WHERE I LEARNED MY SUCCESSFUL MOMENTUM TRADING STRATEGY!

Good luck this week!

Russell

P.S THIS MILLIONAIRE TRADER IS UP 10%-20% IN JANUARY ALONE AND IS TEACHING WITH ALERTS USING JUST A $2500 ACCOUNT SO NOVICES CAN FOLLOW ALONG CLICK HERE TO MAKE 2016 A PROFITABLE YEAR!!

 

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2 comments

    1. Hi – I like Tims Alerts but the real value is learning his strategy from the video lessons etc. He is a good teacher in my experience but the alerts move very quickly so it is hard to copy his trades exactly.

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