Ming Jong Tey
Independent Analyst
In this video, I've covered four high growth stocks - FVRR (Fiverr International Ltd), UBER (UBER Technologies INC), PYPL (Paypal Holdings INC), JMIA (Jumia Technologies AG) using Wyckoff trading method. Unlike pattern trading strategy such as identifying cup and handle pattern, double bottom pattern, etc...Wyckoff method focuses on interpreting the supply and the demand with the price structure in order to form a context for trading. Therefore there is advantage in both analysis and execution in terms of accuracy.
For each stock, I also create a trading plan with potential entry, stop loss using simple pullback trading or breakout trading strategy for execution. Watch the video below:
Timestamps
-
0:33 FVRR (Fiverr International Ltd).
-
3:04 Trading plan for Fiverr.
-
4:37 UBER (UBER Technologies INC).
-
6:10 Entry for UBER.
-
7:38 PYPL (Paypal Holdings INC).
-
10:12 Breakout or pullback trading for Paypal.
-
12:05 JMIA (Jumia Technologies AG).
-
14:20 Trading opportunities for JMIA.
-
17:00 Current market condition on S&P 500 futures (ES).
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
EUR/USD clings to gains above 1.0750 after US data
EUR/USD manages to hold in positive territory above 1.0750 despite retreating from the fresh multi-week high it set above 1.0800 earlier in the day. The US Dollar struggles to find demand following the weaker-than-expected NFP data.
GBP/USD declines below 1.2550 following NFP-inspired upsurge
GBP/USD struggles to preserve its bullish momentum and trades below 1.2550 in the American session. Earlier in the day, the disappointing April jobs report from the US triggered a USD selloff and allowed the pair to reach multi-week highs above 1.2600.
Gold struggles to hold above $2,300 despite falling US yields
Gold stays on the back foot below $2,300 in the American session on Friday. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.6% after weak US data but the improving risk mood doesn't allow XAU/USD to gain traction.
Bitcoin Weekly Forecast: Should you buy BTC here? Premium
Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.
Week ahead – BoE and RBA decisions headline a calm week
Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.