Here's this weeks' stock watch list. The stocks to watch are: DMTK, CRSR, FUBO, MRNA, VACQ, MTCH, STNE, TWLO, GME, and AMC. Happy trading!
Note: If any charts are too small to see, you can click on them to see the full image
1. DermTech (DMTK)
DMTK continues to setup nicely here, combined with high short interest. Moving averages have crossed over bullish and a support base has formed around $40. Resistance at $45.50 first but overall looks bullish right now, targeting $50.
2. Corsair Gaming (CRSR)
CRSR had a big gap up last week because of reddit traders, but then it came right back down. Now, it's close to a key trendline support so it's good to keep an eye on it to see if it holds or not.
3. FuboTV (FUBO)
FUBO currently consolidating in a little range between $27 and $30.60 ish. Trend is currently bullish so ideally look for a bullish breakout or buy near bottom of the range. Volume has generally been greater on green days which is also a bullish sign.
4. Moderna (MRNA)
Nice pullback here. Would like to see if hold somewhere around here or at least hold above previous resistance ($189) for a few days, and then start to curl higher before taking any long positions. Keeping an eye on it.
5. Vector Acquisition Corp. (VACQ)
Bullish MA crossover indicates an uptrend is starting here, plus it is starting to curl higher after a small pull back. Looks good for a long position with a stop loss under $10. Since its a SPAC, $10 can act as a support area.
6. Match Group (MTCH)
Here's a breakout on increasing volume. If it's a real breakout, we wouldn't expect the stock to break under $149.50 (Friday's low) so that could be a stop loss area. We can picture it going to at least $160 which is the closest horizontal resistance.
7. StoneCo Ltd. (STNE)
Similar idea to MTCH chart above. This one had an inverse head & shoulders bottom and is looking to go to $70.50 first, then $73, then $77. Stop loss would be around $65 to give it some wiggle room.
8. Twilio (TWLO)
Weekly time frame. Currently at the top of this range here. No plans in particular as of right now but definitely keeping it on watch because it looks interesting.
9. GameStop (GME)
Descending triangle setup here on GME. Support at $206, if that breaks, it can go down to $190-$195 where there is volume support. On the other hand, there's not much resistance above $245 in terms of volume.
Read: The Top Chart Patterns You Need to Know and How to Trade Them
10. AMC Entertainment (AMC)
65-min timeframe. Support at $51.50, resistance at $65. If it breaks $65 on volume, it can quickly hit $68.
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