Objective Forex: Trading Week 3/7/16

Sunday, March 6, 2016

Trading Week 3/7/16

Another trading week approaches and we should have some great picks yet again.

In the Forex world we are taking it a little easy this time with a low risk play.

We will be initiating a carry trade on NZDCHF to profit from the interest rates.

We recommend a wide stop and low leverage.

BUY and HOLD NZDCHF at 0.67

For stock plays we have some small market cap picks.

TLOG (Tetralogic Pharmaceuticals) has seen a large pop up 50% at the 0.19 levels on great news.

Buy under 0.20

PCO (Pendrell Corp) is seeing strong support around 0.50 and is swinging widely under believed accumulation.

Buy under 0.60

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