Watchlist for the Week
Above is Interactive Brokers Group, Inc. (Public, NASDAQ:IBKR), also one of the brokers I currently have. Not many stocks out there still have such nice uptrend.
Bearish watchlist: SYNA, DRIV, AMZN, VMW
Triangles: AGU, CTRP, YUM, ZMH, GILD, FMCN, BTU
Above a chart of Gilead Sciences, Inc. (Public, NASDAQ:GILD). Forming a symmetrical triangle, waiting for breakout. Could go either way.
3 Comments:
hi, may i know why Amazon is considered bearish rite now?
Hi Simply Options trading,
How do you scan for triangles. Do you use any special software
Michael
Hi Kris,
I will do up a chart next week to illustrate why at the point when I'm running through my watchlist, it is considered a potential bearish candidate.
Hi Michael,
I don't use any special software. These are already stocks which are in my watchlist and I happen to see this pattern forming as I plough through my list. But if you are interested in using free scanners for patterns, you are try stockfetcher.com
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