Hi Everyone! Here are the most requested stocks from last week’s #StocksByRequest! I hope this helps you in your trades and that you can use this as a reference point to help you trade better. Just a disclaimer to everyone, I hope you do not use the stocks here as something that you would buy or sell blindly, my suggestion is you study them build your own strategy using both technical and fundamental analysis. As what I always say in my trainings, profit comes after conviction! And I want you to be profitable, not just now but repeatedly until you hit your goals of financial freedom!
The Stocks are:
NOW, FNI, TEL, ALI, JGS, MEG, FGEN, MAXS, and X.
Among the 9 that got selected, NOW had the highest number of requests at 1,198 votes.
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Now here the most requested stocks!
The stock is just currently ranging and has a tradable range of 2.50 to 3.60.
If the stock breaksdown from 2.50, a possible downward target price of 1.6 is possible.
Should 2.50 hold, target price could be set to 3 and 3.6.
As of this writing the stock has broken out of the 37.6 resistance. If the stock stays and holds this range, we may see the stock go up to 38.65 and up to 40.4.
For mid to long term traders, we have no sell signal yet but if you would wish to load up on the stock more cheapest areas would be (should the stock correct) 34.3 and 35.3 should the stock retrace to those levels.
Hope this helps!
The stock dropped big this week due to an overnight placement on the stock. Because of this you may now peg that institutions are considering the prices range of 82.5 as somewhat a fair price for the stock. But let’s not try to assume what they are saying let just go back to what the charts say.
Over the long term the stock is still bullish so passive investors and position traders may hold their stock first as there isn’t any significant sell signals yet.
While for people trading for the mid to short term, you now know that the stock has a support at the 82.5 price range. You can buy the bounce from this range and set your target price at 91.2 and 95.25 over the short to mid term.
The stock is bullish for the long term. The strongest buying area for position traders and long term traders is at 4.14. Buy more should the stock bounce from this levels. . As of this point the stock has no sell signals yet for position traders. You may hold the stock first as it is currently progressing in its uptrend.
MEG just broke out from the resistance that we pegged at 4.42. If the stock holds this level, you may adjust your target price to 4.7 and 4.85.
More evidence of the reversal/bounce would be seen if the stock could manage to go back to 16.65, better if it manages to go back to 17.7.
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