Divergence Watchlist 12/18/2017

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?

TSLA Weekly Chart 112617

 

Want to be a more profitable trader?

Divergence Watchlist 12/18/2017: AMD, SQ, NVDA, JD

AMD Chart 121717
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%)
SQ Chart 121717
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%)
NVDA Chart 121717
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 Chart 121717
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.

Follow me on Twitter.

Or Follow me on StockTwits.

Follow me on TradingView and view live charts.


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.