I have 3 picks for monday 8-2.
LIFE go long at 43.45-stop loss at 42.00
FAZ go long at 13.80-stop loss at 13.30
TEVA go long at 49.05-stop loss at 48.45
Take no trades during first 1/2 hour of trading wait for pullback even if the stock goes thru entry price.
Chart setup 5min. chart with 5,8,30 sma and 14,3 slow stochastic.
All 3 of these stocks are oversold especially TEVA with 11 consecutive days closing below the 5 day sma.
LIFE go long at 43.45-stop loss at 42.00
FAZ go long at 13.80-stop loss at 13.30
TEVA go long at 49.05-stop loss at 48.45
Take no trades during first 1/2 hour of trading wait for pullback even if the stock goes thru entry price.
Chart setup 5min. chart with 5,8,30 sma and 14,3 slow stochastic.
All 3 of these stocks are oversold especially TEVA with 11 consecutive days closing below the 5 day sma.