Here's this weeks' list of stocks to watch. This weeks' list includes: BRK-B, TSM, UNP, CHTR, NKE, CAT, PLTR, DASH, ACN, AFG, FCX, EDIT, NKLA, and BYND.
*If chart images are too small, click them to see the full-sized chart*
1. Berkshire Hathaway (BRK-B)
A trendline breakout, first target near $231, second target at all time highs ($235). Stop losses could be just under $224, or $221
2. Taiwan Semiconductor (TSM)
TSM is bouncing nicely off the 9 EMA and there is a good chance that it will continue to set new highs. stop loss could be $101.50 or $102.50 as those are the 2 most recent bases.
3. Union Pacific (UNP)
Bullish setup here, waiting for a break out or confirmation of some sort, first target would be all-time highs.
4. Charter Comm. (CHTR)
CHTR set a nice support base near $635 area. If this breaks over $660, $680 is first target, $700 second target.
5. Nike, Inc. (NKE)
NKE had a gap up on earnings the other day and pulled back since. Looking for some sign of a bottoming candle to get in long. Similar to the last earnings gap outlined in the chart below.
6. Caterpillar (CAT)
We've been watching CAT for weeks but it keeps staying sideways. The play is still valid though, it supported $176 a few times. Stop loss under $175.50
7. Palantir Technologies (PLTR)
Still long PLTR with a stop under $25, currently retesting the trend line.
8. Doordash (DASH)
65 minute time frame. Doordash seems to be forming an inverse head and shoulders bottom pattern. With this hot IPO market, we wouldn't be surprised to see a reversal from here. Support at $147 and $150. On watch.
9. Accenture (ACN)
Looking for something similar to NKE (refer to #5).
10. American Financial Group (AFG)
Trendline break out. First target $92, 2nd target $99.
11. Freeport McMoran (FCX)
Bull pennant. Watching for a break out or a buy near the support level.
12. Editas Medicine (EDIT)
65 minute time frame. EDIT seems to be bottoming out here after a big run up. On watch.
13. Nikola Corp (NKLA)
NKLA broke down from the $16 support level. Going to wait for a small multi-day weak bounce. If that happens and its not over $16 by then, we may buy puts.
14. Beyond Meat (BYND)
BYND filled the gap down from an earnings report and is now in a range. Might short on a break down of this range. Invalidated if upwards range is breached.
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