5/24/2018 Markets recover early morning losses, but close a little lower. ANAB and BRKB look like good low risk buys here.

Category1 1 Minute

Fun Fact #54

ADR stands for American Depository Receipt.  

 

Market Stocks 5_24_2018.PNG

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.  

 

QQQ daily 5_24_2018.PNG

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 5_24_2018.PNG

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 5_24_2018.PNG

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! 

Published by bigfry

Hi, I’m Nathan and I’m currently a Sophomore at Boston University majoring in Finance and minoring in Piano Performance. I’ve always found the financial markets fascinating so I decided to start this blog to share my experiences with you. So far, I’ve only been trading stocks for about a year, but I plan to continue trading for a long time. Outside of school and trading stocks, I enjoy teaching and playing piano, fishing, watching anime, and teaching/playing "Go," an ancient Chinese strategic board game. This blog will be dedicated to sharing my trading experience, what I learned from the books I’ve read, and commentary on the FAANG stocks (Facebook, Apple, Amazon, Netflix, Google) along with the major indexes. I will also have resources that explain my take on risk management, options trading, popular indicators, psychology, and of course, entertaining stories. I hope to write a book in the near future!

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