Stocks to watch this week $NFLX (NETFLIX), $BABA (ALIBABA), $CDE (COEUR MINING)
In this article, we will review the stocks to watch for trading next week. Trading technical analysis with possible trading strategies.
A strong upside reversal, with the high possibility of the extension higher, is visible on the D chart. NFLX (NASDAQ) is testing the strong support 340-350 zone. Bounce from here could lead to an upside continuation into the 400 level. You can go into the long trade on a bounce price action with the close stop loss just below 340 level.
BHC stocks (NYSE) are testing the strong support of the upside channel and a V-shaped bottom for an upside continuation. Look for the long-trade entries with the stop loss below 23.
Marine Freight and logistic companies stocks Capital Product Partners CPLP (NYSE) could make a successful retest of the upside broken triangle bottom. We will have a retest of the strong upside support now, previously a resistance 2.20-2.250 zone. Look for the long trade entries on a bullish price action from here, targeting 2.80 at least with possible extension higher.
We have used the combination of the top-down trading analysis to get these key levels explained on the charts.
Happy trading! (click on the chart to enlarge it)
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