This week, I was mostly mad at myself for missing a great trade on AMD. I was waiting for Inverse Head and Shoulder to break the Neckline for some time now and I completely forgot about the setup. Note to myself: PUT ALERTS ON LEVELS YOU ARE WATCHING!
Put AMD aside, one stock caught my eye since last week. Most likely I will be buying them on Monday. CSIQ - Canadian Solar Inc. is stock I am looking on with couple of things to consider first:
1. CSIQ is on path to break the resistance level sitting at $43.5- 44 price range.
2. If this level gets broken, my expectation is that the price will continue it's long move up to the previous High sitting at $67.44.
3. My first buy point is at the current price. I will surely be adding on my position once price approaches the next resistance line sitting at $48-49 price range.
4. Most likely I will be adding again to my position once stock movement approaches the break of the last ATH price level.
Of course, this is just my thinking, this doesn't mean I am right. I am a professional trader and investor and my risk is different then majority of people is.
Put AMD aside, one stock caught my eye since last week. Most likely I will be buying them on Monday. CSIQ - Canadian Solar Inc. is stock I am looking on with couple of things to consider first:
1. CSIQ is on path to break the resistance level sitting at $43.5- 44 price range.
2. If this level gets broken, my expectation is that the price will continue it's long move up to the previous High sitting at $67.44.
3. My first buy point is at the current price. I will surely be adding on my position once price approaches the next resistance line sitting at $48-49 price range.
4. Most likely I will be adding again to my position once stock movement approaches the break of the last ATH price level.
Of course, this is just my thinking, this doesn't mean I am right. I am a professional trader and investor and my risk is different then majority of people is.