Fun Fact #54
ADR stands for American Depository Receipt.
I’ve added ANAB and BRKB to my watchlist stocks because I think they are worth looking at or buying right now. WB is consolidating and I think the next move in either direction will be explosive. I still favor a move up simply because I believe WB will resume it’s uptrend.
As you can see in the daily chart of QQQ above, the index is still consolidating. I’m still bullish because dips are aggressively bought up.
ANAB is in a support zone and a very strong uptrend. You can buy in the 78-82 zone with a stop loss at 77. Your profit target is the resistance level near 95. The Risk Reward is about 5 to 1.
BRKB is also nearing a support zone at the 200 day moving average. You can buy between 190-192, with a stop loss near 187 and a target at 200. The risk reward is slightly over 2 to 1.
I’ll be looking at some weekly charts this weekend!
