SNAP Possible BreakoutSNAP coiling tight into the apex of the ascending triangle. Solid support along lower trendline and 8 EMA. Breakout could go either way with current market volatility, so playing it safe. My entry will be break of resistance and break of RSI upper trendline.
Decent volume but big OI on the 1/15/21 $55c and $60c.
Snap
Stocks to Watch 12/06/2020The Bull Market is strong, but many stocks are extended and sentiment seems to be extremely bullish. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 30 total stocks on this list. Many of these have IPO'd in the last few years and still have a growth story ahead of them. There are also some "COVID" stocks which may be setting up again. . Know your time frame and risk tolerance, grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
Stocks to Watch 11/29/2020The Bull Market is strong, but many stocks are extended and sentiment seems to be extremely bullish. I am cautious with new buys until the sentiment cools off a little. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 28 total stocks on this list. Many of these have IPO'd in the last few years and still have a growth story ahead of them. There are also some "COVID" stocks which may be setting up again. . Know your time frame and risk tolerance, grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
SNAP about to make a big move down.Here is my humble opinion on SNAP. I think we have been in a range for a long time and have created enough power to make a big move out of the range. We are going toward the bottom of the range and it is supported by a descending triangle patter. Plus, we have the 20 EMA as a resistance and the EMA has caught up with the price. We have a 4H demand zone around 35 and 28 and neither one are tested yet, so I expect a pull back from those areas.
LONG LYFT POTENTIAL 30% UPSIDELYFT starting to move after a POST IPO dump.
Looks good on the long side taking into consideration UBERs recent move above its IPO level.
Entering the Food business, I believe further government regualtion will be good for the stock.
Potential double bottom, trade into $50 resistance level.
Stocks To Watch This Week Nov 14I went through and created a watchlist for names that have held up well in this choppy environment. Most of these names are at or near all time highs or multi year highs. There are 40 total stocks on this list. Many of these have IPO'd in the last few years and still have a growth story ahead of them. There are also some financial stocks which may be starting to outperform the broader market. Know your time frame and risk tolerance, grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!