$AMD | WEEKLY WATCHLIST 12/13$AMD 4H
We must hold the $136-137 area, otherwise further correction will be needed. Really want to see an explosive move out of this zone early in the week to support this bottoming thesis.
Calls
$AAPL | WEEKLY WATCHLIST 12/13$AAPL 1W
Huge weekly breakout on the chart as well as the oscillator, confirming uptrend. Been holding calls since the $162 break and plan to take profits early in the week between $179-182. Expecting some chop/cool down soon.
Big congrats if you've been following this with me.
Apple stock price is too high imoApple is trading at overbought territory but it does not look like it’ll fall much. It has the most bullish chart of them all. It’ll take alot to make this fall. You’ll see it trade in a small range to consolidate. Puts could work at these prices but remember to switch back to long near $167.50-170. $AAPL
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$NIO | WEEKLY WATCHLIST 12/6Probably the biggest change in charts this week. I kept saying under $37 and my view would be invalidated. Here's the next probable situation to play out in my opinion. Nio < $20 for a long term hold is not bad.
$MU | WEEKLY WATCHLIST 12/6Momentum curling over which is what we want to see. Looking for W2 for a MAJOR buying opp. Stay patient friends.
$MSTR | WEEKLY WATCHLIST 12/6Geee... this looks awfully similar to *cough* $TSLA before the parabolic move. Sitting on TL support. I have provided a fractal (path in blue) using Tesla's historical data. Enjoy.
Target: $1000+
Invalidation: $600
$TSLA | WEEKLY WATCHLIST 12/6Looks like wave C is potentially in here in my proposed ABCDE. If we break below B, I will shift my count to an ABC correction with A=C. Looks very similar to $TSLA.
$GOOGL | WEEKLY WATCHLIST 12/6Looks like a double 1-2 nest. Seems like selling pressure calming down a bit here compared to it's friends. Name of the game this week is waiting for wave 1-2s to form for some more insight/confirmation.
$FCEL | WEEKLY WATCHLISTUgly drawdown with rest of market last week. $7 needs to hold for me to like this count, although $6.69 is the lower fib. This week will be telling.
$FB | WEEKLY WATCHLIST 12/6Still needs some time to develop, but bounced off falling wedge support for now. Also holding between 23.6-38.2% fib.
Markets must reverse in order for Facebook to reverse as well.
$BABA | WEEKLY WATCHLIST 12/6Just something to keep on your radar although China sentiment is concerning. Sitting on ALL TIME LOW TL and flirting with the 78.6% fib. Must wait for wave 1-2 confirmation after this major draw down, but still worth a watch.
$AMZN | WEEKLY WATCHLIST 12/6Patience is KEY here. Potential W2 low for Amazon (again lol). WAIT for wave 1-2 confirmation to follow before entering imo.
$AAPL | WEEKLY WATCHLIST 12/6Looking for a W2 down which correlates to TL support and retest of breakout. Don't rush into this one.
$T - Chart analysis Dec 6 - 10$T - December 5th, 2021.
If T gets over the 24-24.26 area, it's good for short-term calls. The concern, however, is resistance at 25 and 25.58. If it goes above and fails from the 24-24.26 area, it's a good short till the 22.22-22.55 area. Then further continuation is expected below that.
Overall, short bias on this one.
Let me know your thoughts!
Will the big boy break or hold? Possible bear disappointment here. Still a long while before candle close though. Some YOLO calls won't hurt too bad.
$SQ | WEEKLY WATCHLIST 11/29Good start on this bounce. We want to see bullish continuation to confirm my thesis! Think long-term with this one...
$RTY | WEEKLY WATCHLIST 11/29Have been tracking this for awhile now. Expecting a base to build here before our next leg higher towards $2650+. Eyeing a position on this one very soon. ($IWM)
$ROKU | WEEKLY WATCHLIST 11/29Uhhhhhh is it finally time?! Last week we nearly tapped my buy zone. I'm fairly sure I was one of the first to share that level with you guys! Looking for some support to build before pulling the trigger. $400 above is possible on the next impulse up.
$NIO | WEEKLY WATCHLIST 11/29Smaller degree wave 2 looks to be in! Expecting an impulse higher this week above $45. $37 needs to hold below for this count to stay strong.
$MU | WEEKLY WATCHLIST 11/29No changes from last week. Still waiting for larger degree wave 2 before buying in.
$MSTR | WEEKLY WATCHLIST 11/29Do you regret not buying Tesla under $700? Well... you're in luck. MicroStrategy under $700 is a GIFT. Look for $635 to hold as support and a sharp move higher towards $1000. Don't sleep on this one.
11/29 - 12/3 | PTON | Watchlist #2 $PTON +47
(Over $47 for calls)
Price targets: $48, $50
Technical analysis: Bounce off pivot point on the daily chart
Rationale: With increased news of a new virus variant, stay-at-home stocks could continue momentum upwards
$LCID | WEEKLY WATCHLIST 11/29Following Tesla's chart very well and have been tracking the two together. Looks to be a wave C in progress. Still waiting patiently before pulling the trigger to go long on this one.
