Objective Forex: Trading Week 11/13/16

Sunday, November 13, 2016

Trading Week 11/13/16

Sorry about the short break from stock picks and forex plays, the election did indeed bring unexpected volatility especially towards the USDJPY pair. 

We're back in business with some excellent plays this week.

Forex Play

LONG AUDJPY at 80.393

Technically strong buy indication and longer term lift.

Stock Picks This Week

SHIP (Seanergy Maritime Holding) A Greece based shipping company, we're jumping right into this sector as other Greece based shipping companies are seeing huge price appreciation. This should be a powerful bounce-back play as support is solid near $2.00, and with low float we can easily see a quick rally to nearly $7 which happened recently back in August. Keep careful eyes on this company at market open and look to establish a position over the week.

Buy recommendation under $2.10


XMR has undergone further stabilization and yet again looks ripe for a price jump, DGB has been pushed down towards 43 and buying a large amount at this price has to be enticing to investors, we'll keep watching these two over the week.

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