Week 12 - Top stock picks of the week
Alpha chart pack contains super charged technical analysis of stocks to trade in current week.
Alpha chart pack contains super charged technical analysis of stocks to trade in current week.
Based on these technical setups you can choose either to buy the stock or trade options. One thing to remember is these setups should only be consider for short term (max 4 weeks) and trade should be executed in the week it was alerted.
This technical analysis is purely based on chart, that means fundamentals of a company will not be considered.
For eg, if we are long $TSLA in our Portfolio or fundamentally looks very strong, but based on chart we can short $TSLA using options for few weeks.
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Keep strict stop loss, if position is in profit raise your stop loss to the buying price.
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Following are the option trade ideas of the week.