The trade has a worst case loss of 1.75 points, which is 4.46%. When investing 22.44% of your capital in this trade, your total portfolio risk will be 1.00%. PLAY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately.
Watch for long on strong support.
Look at the chart! Price is up and is overbought with negative trending momentum. And very weak volume!! in a strong market we would see robust volume!! Watch out!
Bullish Engulfing at very strong support.
BREAKOUT WATCH for possible breakout above 216.91,
BUY $NXPI at $84.62 TARGET 1 Price: 92.65 Profit: 9.5% Stop/Trailing Stop: 82.7 Loss: 2.3% P/L Ratio: 4.1 : 1 - Excellent
BUY $HPE at $15.87 TARGET 1 Price: 17.37 Profit: 9.5% (Typical rally) Stop/Trailing Stop: 15.44 Loss: 2.7%
Strong bullish 3 day chart pattern
Intermediate trend bullish, Uptrend
BUY $RLGY at $31.59 TARGET 1 Price: 33.79 Profit: 7% (Typical rally) Stop/Trailing Stop: 30.98 Loss: 2.9% P/L Ratio: 3.7 : 1 - Good
Oversold, odds favor long trades. Extreme 3 day distribution, but when the stock is oversold this can be considered bullish.
NDAQ has an average volume of 1462250. This is a good sign as it is always nice to have a liquid stock.
WATCH for possible breakout above 12.01, no resistance in area just above. Type: Continuation breakout from single resistance.
Strong bullish 3 day chart pattern with Mild 3 day accumulation.
TARGET 1 Price: 410.99 Profit: 12.8% (Typical rally) Stop/Trailing Stop: 351.3 Loss: 3.6% P/L Ratio: 3.6 : 1 - Good POTENTIAL Excellent, there are 1 resistance areas on the way to Target 1. Stocks may quickly rise to Targets when there are few resistance areas