Relative Strength in a red see $TAN #StockMarket #stocktowatchI like to spot relative strenght in red days, this one is STRONG!
Stockideas
V (Visa Long - but not now)Too much volume in the 140-142 areas. But you can definitely long at 140-142.
HSE (value play)Seems like a good value play here. Short-term upside to 6.47, 7.68, and then 8+ (downside to about $4.68)
Stock value is about $14.
Pros:
+It'll go back to $10 if USDBRO goes above $50
+Backed by Hutchison Group (Li Ka Shing owns 63% of the company)
+Depreciated price from lowered dividend already priced in (back in April)
Cons:
- If oil goes below $30 (which it can't because Trump gotta win votes)
Brent Crude Oil (break out???)Brent Crude looks like a rebound is incoming... Took a position on a value stock like HSE...
(stay away from CHK and other junk stocks)
NIO (Current Chart) - Bull or Bear?Everyone's been talking about $NIO for the past 18 months.... first, it was China's Tesla... second, it was going to go bankrupt... now, everyone is bullish on the stock again.
It's been on a tear of late! I love the company, love the tech, love the CEO... and currently loving the stock. That can change in a jiffy of course but let's enjoy this moment =D
