Watchlist for this week. Most have two tight days and higher lows Above $20, ADR of 3%+: NASDAQ:PLTR NYSE:IONQ NYSE:BROS NASDAQ:FTNT NYSE:OKLO NYSE:RBRK NYSE:TOST NYSE:SNOW Below $20, ADR of 3%+: NASDAQ:RKLB NYSE:QBTS Thematic: NASDAQ:AAPL NASDAQ:AAPU NASDAQ:NVDA NASDAQ:NVDL AMEX:SOXL
Great example of continuation set-up on MSTR in 2024. Capturing the second leg following a shorter consolidation after digesting the first leg.
Consolidation breakout on APP in 2024. Ticks all the boxes - proper range break breakout on volume, MAs stacked, volume dry up in base, obeys the 20day on run-up.
NYSE:ESMT Almost a 2 yr trading range and flagging out as a continuation play. Will keep an eye on.
Evalu. Date: 13-May-23 Trade Type: Consolidation (needs volume) MA Surf: 20 & MA convergence Move 15%+: Yes Angle 45ish: Yes ADR >4%: Yes Higher Lows: Yes Consol. >=5 bars: Yes 2+ Tight Closes: Yes Stop less than ATR: Yes Linearity: Yes Dly ASX:VOL Criteria: Yes Vol Dry-Up: Yes
- MA confluence on pullback - High RS - High ADR - Higher lows in base - Biotech
- Very tight right side - MA confluence - High RS - High ADR - Oil and Gas
- Big initial move right of out the gate - ~1 month consolidation - Confluence of MAs - New Momentum - High ADR - Pharma
- Massive move 2,000%+ - Obeyed 20 MA for entire move - Sitting back on 20 MA - High ADR - Tight right side - Biotech
- Run up and settle - Sitting on 5MA - High RS - High ADR - Biotech
NASDAQ:BBIO tight action. Pharma has been popping as of late - hopefully that continues. Anticipation set-up.
NASDAQ:DUOL setting up. Continuation set up looks good for this week.
NASDAQ:XPON tight coming into the 50 day. Nice run and holding tight.
Tight Action on $UNCY. Massive run up on big volume and holding level.
$FSLR later stage base but right side tight again. May take a stab at it.
$XPON pullback set-up at the 20D SMA. Very thin volume but nice set-up as it has surfed the 20D for the entire 600%+ move. Strong industry as well.
SMCI nice and tight, riding the 10 SMA. Just a watch for now, but nice to see under current market circumstances.
$AUPH AUPH inside days after good run up and decent beat. Liquid and increasing institutional interest.