Stock to buy today 18 july 2018

WTIU, UBS ETRACS ProShares Daily 3x Long Crude (NYSE:WTIU) has been selected by our Stock Scanning Engine.
Why ? Because the price is at a crucial point right now.
First, we have a double top and the price is just testing the double top neckline. If the price break through the neckline, then we might see a further fall in price to area around 17.00.
We dont think this will happen because in the same chart we have a Trend Channel in uptrend. Also the price is testing supportline these days and we believe the supportline is strong enought to make the double top invalid.
In other words, we believe the supportline is stronger then the Double Top formation. Anyway, we will see what direction this security will take within the next couple of days.

If the price accept the supportline again as it has done 5-6 times before, then we might see a nice raise in price to level 45.00-50.00.
In other words, profit around 50% within the next couple of months.

We suggest to take profits on three areas.
The first profit should be taken around 34.50 as we have experienced resistance at this level before.
The Second profit area, should be around 40.00 as the Double Top also indicate strong resistance areas.
The Finale Profit area, should be around 45.00-50.00 or let it run, until a bearish signal has been formed.
To protect your investment, we recommend to set a Stoploss at 27.45.
This will reduce your loss in case, the supportline is broken and the Double Top becomes valid.
If that happens, be ready to go short because we also have a hugh profit possibility if this senario becomes real.

Stock to buy today 18 july 2018

Stock to buy today 18 july 2018

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