These are my stocks watch list for this week from which I think has high probability set ups:
NIKL
For me, this has a high probability of filling the gaps if it manages to break through the resistances that I've drawn above.
Possible entry price: current price 27.25 to 26.4
Cut loss point: if price closed below 26.4
Percentage risk if entered at current price and cut loss at 26php: -4.58%
Percentage reward if price breaches through the current resistance (29.4 php): 7.88%
If price continued to rally on the next resistance(32.6php): 19.63%
If price continued to rally to fill-in the gaps (47.5php): 74.31%
LRW
Possible entry price: current price 4.63-4.56
Cut loss point: if price closed below 4.56
Percentage risk if entered at current price and cut loss at 4.03php: -12.95%
Percentage reward if price breaches through the current resistance (4.94php): 8.33%
If price continued to rally on the next resistance(5.5php): 20.61%
If price continued to rally to form new ATH (6.93php): 51.97%
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