I hope you all had a great weekend and didn’t spend too much of your profits on Singles Day.
11/11/17 – Alibaba’s (BABA) “Single’s Day” generated $25.3 billion of sales in 24 hours. Think about that for a second.
We are going to be taking a look at a few familiar stocks as well as a few new ones. Even though we aren’t going to be covering most of them, keep the China stocks on your mind: BABA, BIDU, JD, NTES, WB, CHA, LFC, PTR
Things have been working out really well here overall. In October, the watchlist had a 75% win rate and the winners gained an average of 8.08%. This month has been no exception as out list has outperformed the market. I am continuing to keep track and will be making a tracking feature for the site in the near future.
Lastly, I am throwing in a few penny stocks to mix things up. Be cautious, as penny’s have huge swings and are not for the feint of heart. If you want to get in, I would recommend a small position size and place a tight stop. Use the suggestions as a guide and do what’s comfortable.
That being said, I am excited to continue our success so let’s not delay.
Divergence Watchlist 11/13/2017: MOMO, AAOI, MNKD, AKCA, IMMU, NFLX
BB – Coiled up, daily divergence. Hourly divergence. 20, 50, 200 ema converging. I like it, be patient for the breakout
SGMO – Hit the target and looks to have more upside
ANDX – Hit the target and looks to have more upside
Check out last week’s Divergence Watchlist.
Trading involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. Opinions, market data, and recommendations are subject to change at any time. It is important to do your own research and analysis before entering a trade. Any trade you make is at your own risk.