Looking at a long position in $GRUB from $36 which coincides with the 200MA. I will only enter subject to the price action and volume at that price. I want to see some rejection from $36 with decent volume.
Price is oversold on the RSI and Stoch. Price has dipped since earnings but IMO still has strong fundamentals behind it.
One to keep an eye on.
I'm looking at initiating a long on $INTC. Currently oversold and seen rejection from the 200MA which is also a weekly resistance level.
I'll look to buy above last weeks close with stop at $33.
TP at $40.
Initiated long position on INPP at 154p. Strong support level, high volume from buy zone as marked on chart.
RSI 2 oversold.
Positive divergence on STOCH.
Price has made lower lows from August 2016, however, strong fundamentals, low PE ratio, increasing profit margin over last TTM.
Here we have the EURGBP potential long.
Following the trend since Jan 16 I am looking at only long positions on this pair. Brexit has also given the Euro a boost against the pound.
The price is at the 100MA, The RSI (2) was oversold prior to todays PA. The STOCH is also oversold. Price has formed an inverted hammer/outside day. In my opinion this is a good...