I WANT TO SHARE SOME TRADE IDEAS
Due to the Storm approaching New England, I may lose power ( As mentioned in my wkend report), So I want to share a few possible trade ideas for you to watch , in case I wont able to post anything tomorrow. Let me start by showing you an Energy stock that got taken out to the whipping post. It is beaten down and double bottomed. It seems like all of the downside ( At least for now) has been met. Risk reward is skewed toward less risk (Using stops) and more upside potential if conditions play out. Some of these stocks could just "Bounce" and do very well.
EXXI WEEKLY - Double bottom with a MACD cross?
Why would I call it low risk though? Isnt it high risk, in danger of getting cut in half again? Well, consider this...