Sometimes I buy stocks and just forget them. I hold them and let time do the work.
Below is the weekly chart for Tesla (TLSA). I sent it out 3 weeks ago (11/26/17) and is meant to be a long term hold.
The price was $315.55 at the time and after a big week, it is up 9%. I’m looking forward to seeing where this one ends up.
What do you think?
Want to be a more profitable trader? Divergence Watchlist 12/18/2017: AMD, SQ, NVDA, JD
Advanced Micro Devices (AMD) is set up nicely on multiple time frames. Looking for a move to regain the trend line above. With a quick visual back test it’s clear how well AMD reacts to divergences. Buy: 10.35 Target: 10.73 – 11.42 (3.67% – 10.34%)
Square (SQ) has formed a falling wedge on it’s move back towards a 4 month old trend line. We need the stochastic to turn up and confirm divergence before getting in. Buy: 37.75 Target: 38.95 – 40.90 (3.18% – 8.34%)
Nvidia (NVDA) Not a pure divergence play, but a nice spot to retrace. Buy: 192.40 Target: 197.38 – 204.12 (2.59% – 6.09%)
JD.com (JD) looks like it may have a nice bull flag continuation after beginning a breakout from the falling wedge. Also has stochastic divergence on the weekly. Buy: 40.83 Target: 42.39 – 43.95 (3.82% – 7.64%)
Check out last week’s Divergence Watchlist.
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