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The market continues to behave erratically, meaning a 'low dollar' environment is more suitable for a cautious approach.
Here are four stocks to keep an eye on this week:
- ACN (bullish) - A classic post-earnings OVI Pullback Reversal with a consolidation on a Key Level. This stock should rise on any encouragement above the recent week's highs.
- RTX (bearish) - This defense stock is suffering from a recent selloff and potential oversupply. Dropping below $100.00 puts this in danger of another 5% decline or more.
- TGI (bullish) - Bullish Big Money Footprints including OVI, Shrinking Retracements and proximity to Key Levels lining up with this defense stock, poised for an upside breakout.
- UBER (bullish) - A multi-week consolidation with a persistent positive OVI just above its 50-dma should lead to an upside breakout in due course.
Remember, we only trade confirmed breakouts and always manage our trades with the E.D.G.E trade plan.
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