Stocks to watch week 33
This time we have found 2 Stocks to watch week 33 2018. The Stocks we will show you are :
STFC : State Auto Financial Corporation. (NASDAQ:STFC)
WTIU : Proshares Daily 3x Long Crude (NYSE:WTIU)
Why these Stocks ? Because both Stocks are in a long uptrend and operating inside a strong Trend Channel.
We have traded STFC before with great luck and now the signals have alerted us again.
2 days ago, the price tested the supportline and yesterday we got a green Candle. A green Candle isolated is not a bullish Signal, but after a successful test of Moving Averages the Candle is much more important. It told us, that after sellers capitulated and buyers are taking over. Also the Candle from 2 days ago show us that buyers are strong, because right after the price tested the MA200 line, buyers came running and took over the show.
Current price is 30.93 and I would like to see the price raise to area 34.00-36.00 within a couple of months,
To protect your investment, please set a Stoploss at 29.00, right below MA50 line and right below the Supportline.
Look how close the MA200 line is to the Supportline 🙂 Technical Analysis becomes beautiful and suddently Techncal Analysis make sense 🙂
STFC – Stocks to watch week 33
The second Stock we want to show you is WTIU.
WTIU started a Double Top back in May and the price is now touching the neckline and the Supportline area.
The next days (or week) will show us, which direction the price will go.
We have two senarios :
1. Neckline break, the price will break through the neckline (Purple line) and perform a retest. If that happens, then the Double Top formation will be considered valid and the price will fall back to area 18.00-19.00 which is a 40% fall within a few months.
2. Neckline holds, the price accept the Supportline and continue to operate in the Trend Channel and continue to form the Ascending Triangle. If this option becomes true, then we might see the price raise to area 40 = 30% profit. At some point the price will break out of the Ascending Triangle and I prefeer to see the price break out of the Top line, then we will see new all time hights.
Again a very nice Technical Analysis setup, because we have a clear Double Top formation and an Ascending Triangle formation in the same Chart.
WTIU – Stocks to watch week 33
Follow us at Facebook here