TD Ameritrade Stock May Be the Perfect Holiday Gift

• Posted by Greg Harmon
• on December 4th, 2014

Your kids are into rocket ships but you would rather have them interested in personal finance. What do you get them for the Holidays? Easy, buy them some TD Ameritrade stock ($AMTD) and show them how a stock can rocket higher.

The chart above shows the price of TD Ameritrade is approaching the price high form March for the second time in less than a month, but from a higher low. As it arrives at possible resistance this time, it is tracing out a AB=CD pattern. This pattern targets a move to 40.65. And the other indicators support it continuing higher. The momentum indicator, RSI, at the top of the chart is in the bullish zone and rising. The Accumulation/distribution statistic at the bottom shows continued accumulation. And the Bollinger bands (blue envelope) are starting to open to the upside after a squeeze. There is a natural stop loss at 34, which would yield a better than 3.4:1 reward to risk ratio to the upper target.   Use the January 34.5 Calls (offered at $1.65) to define your maximum risk.  Rocket ship.

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