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jeudi 14 septembre 2017

Expectations

Here are my expectations for trading until tomorrow EOD

OIL and SILVER: range bound trading so low profit to be made and low losses to be generated. HOLD

RAD: TIC TAC TIC TAC.....If documents were filed on time, it means that Septembre 18th is around the corner. The adage says that 'no news is good news' well in the case of RAD, remember that they decided to refiled 1 day prior prior to end date.....So we never know but in any case, i think that shorters will continue to cover themselve. So some good gains could be made as the acceleration of trading should be seen today and tomorrow unless bad news again pound RAD. If some gains are made, remember to get some off the table. You could make less profit but could avoid large losses in case deal was not to get approved.

HOV: expect range bound trading as it does not have a clear direction yet HOLD

AMZN: Breaking into the 1000$ again this morning and it is the resistance level. If it holds, get ready for 1050$.  BUY

Have fun!

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