These are my 5 stocks to watch this week. What's yours?

So this is a weekly series I do on another sub and it has tons of positive feedback so I don't mind sharing it here as well for you guys to take a look at and share some of your thoughts. Here's the video for a visual on my technical analysis as well as 6 bonus stocks im watching this week (there's a lot happening this week!) https://youtu.be/h3ltOQm2KY0

1) tencent - had great earnings, kept going up, but since the tech sector in general sold off, this also got hit (even though it's not really all tech). Key point is that it's coming down to a good level to test the uptrend support and would be a signal for me to add more shares.

2) visa - lots of action last week here. Tons of volume came in, we saw it move to the uptrend support and dipped below that, but has since come back and is hovering around that level. However there was some news released this weekend that one of the execs got fired, so let's see how the market reacts. I think it won't matter and we will go higher this week if the Qs continue up.

3) Mastercard - similar price action to V, but no fundamental changes that I saw. Good opportunity to pick up a position on uptrend support.

4) Take two interactive - a gaming stock, so not really tech, but it sold off as the rest of tech sold off last week. What time particularly like was that it came down to fill the gap it created after earnings, and it held its uptrend support. Should see a rally especially since we're entering the holiday season which is typically the best for gaming stocks (people love to buy games for themselves or as presents for Christmas).

5) Facebook - this got hit harder than other techs last week and had a big red day on Wednesday. They being said, it held its uptrend support and is hovering around there as well, along with tons of other tech stocks. Solid fundamentals here, so I don't see why this isn't a good pick even for a long term hold.

So that's it - I have 6 more picks that I cover in the video but these are the 5 biggest ones I'm watching (and I have a position in all 5). Let's see how this week plays out and let's see tech make a recovery!

Submitted December 04, 2017 at 02:01AM by blackdragon1299 http://ift.tt/2nrGiCc