Objective Forex: Trading Week 10/10/16

Sunday, October 9, 2016

Trading Week 10/10/16

Large drop in the forex world for the GBP based pairs, GBPJPY suffered slightly however our USDJPY play increased in strength with a move upwards, we see more upside in the USD here.

Bitcoin continues to rise currently at $618. 

Excellent gains from our stock picks last week, RFIL showing great recovery and giving us a strong 6.8% return over the week. CHMA continued as we predicted and popped nearly 18% from our Monday alert before settling down at a 5% gain for the week. CHMA should continue to grow although we are switching gears to other plays this week.

Forex Play

LONG USDJPY at 102.8

Technically strong buy indication. Continuation.

Stock Picks This Week

LPCN (Lipocine) Lipocine is a specialized pharmaceutical company working on oral delivery drugs affecting testosterone and hormones, featuring a strong pipeline of upcoming products which are already in phase I and phase II testing. With 47% institutional ownership and large buys coming in we see huge future growth here, in the short term and long term. Although a strong pop on Friday moved share price up to $5.5 we still see this as a good entry here, we anticipate a slight drop at market open before a huge recovery throughout the day and increasing strength through the week. Price to book lies at a comfortable 2.5x level which is 50% better than comparable industry competition.

Buy recommendation under $5.40


Cryptocurrencies

Bitcoin continues upwards, XMR recovered nicely as well.

Incredible movements from a new coin (POT) pot coin, we noticed this coin around the 350 satoshi level and it has had one of the strongest bullish runs we've seen in the crypto marketplace with nearly no dips downwards it has rose up to 1900 satoshi. We recommend being very careful here as manipulation can cause giant swings in price, we will investigate further and try to find a good entry.

XMR Long
DGB Long


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