Equities watchlist for the coming week.

Gold wave analysis
August 8, 2014
Gold daily analysis
August 19, 2014

This weekl I focus on four stocks. IBM DAL HAR and NFLX. I already have an open long position in IBM and will look to open new long positions in the rest. These stocks I believe have completed their corrective pull backs making higher lows and all have held important support levels for their intermediate-term trend. I believe a new leg up has already started and there is a good risk reward ratio found here.

IBM:

My last trade in IBM was when price broke out and above the downward sloping wedge near 183.50 and exited at 193$. Through twitter and stocktwits I gave a pull back target near the 61.8% retracement. Price pulled back inside the cloud support and reached my Fibonacci retracement target. I entered again long near 186$ and I now expect price to move higher towards 200$ as long as price is above the Ichimoku cloud and the support at 184$.

ibm

HAR:

My last trade here was also a long one near 108$ but we exited at 111$ despite it moving higher towards 118$. The first upward move was complete at 118$ and the expected pull back reached again my target of 61.8% Fibonacci retracement and the Ichimoku cloud. Now I will be looking near 112$ to open a new long position with target above $120 and with 103$ as stop.

HAR

NFLX: I’ve been keeping a close eye on this one and as it holds above the Ichimoku cloud support I expect its price to make a sharp upward move towards 500$ in the coming weeks. I will keep my stops tight at 439$. As long as price is above the Ichimoku cloud bulls should feel safe.

nflx

DAL:

Delta Airlines is my current favorite and last bullish setup I openly post today for free. Breaking above the Ichimoku cloud and the downward sloping trend line has made a double bottom and I expect it to move at least towards its previous highs at 42$. I’m bullish as long as price is above 34.59$ and strongly bullish as long as price is above 37.50$.

dal

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Alexandros Yfantis
Alexandros Yfantis
Fascinated by financial markets, studied International Securities Investment and Banking in the UK, works as a Portfolio Manager in Greece and runs a technical analysis website. Enjoys travelling and spending time with his family and preparing for the black belt in Korean Karate.