Here's this week's stock watch list. The stocks to watch this week are: BLNK, AAPL, AMZN, AMD, CAT, MA, V, UNP, CP, CTVA, PKG, ADM, LNT, and VITL. There are 12 potential long setups and 2 potential short setups.
1. Blink Charging (BLNK)
BLNK on the verge of a big move here coming out of a descending wedge. It needs to break past that wick near $25.20 on good volume. After that, next target would be $30. Most likely not interested in any longs under $22 support.
2. Apple Inc. (AAPL)
Apple is forming a nice base here. It would be a good buy on a steady pull back.
3. Amazon (AMZN)
Amazon is yet to find a direction, patiently waiting with alerts on both sides of the triangle.
4. Advanced Micro Devices (AMD)
AMD has potential for a big break out move to $120+, similar to the move a few months ago. It would be better if it consolidates longer though. No position currently.
5. Caterpillar (CAT)
Looking for a small dip to buy, and would use just under the low of the most recent candle as a support.
6. Mastercard (MA)
Inverse head and shoulders. Expecting it to move higher eventually, maybe even this week.
7. Visa (V)
A more bullish version of the Mastercard chart above. Another sort of inverse head and shoulders.
8. Union Pacific (UNP)
UNP curling higher, targeting new highs. If it breaks out, target is $220.
9. Canadian Pacific Railway (CP)
CP definitely looks like its heading higher. Using $321 as support (swing low). First target $340, second target $350.
10. Corteva (CTVA)
Support around $37.75, bouncing off 9 EMA, looks bullish for now.
11. Packaging Corp of America (PKG)
PKG keeps setting higher and higher supports. We think this should head higher soon.
12. Archer-Daniels Midland (ADM)
Cup and handle type of pattern, looks bullish, target $55 if the trend doesn't break.
13. Alliant Energy Corp. (LNT)
Bear flag that is yet to break. On watch, no position.
14. Vital Farms (VITL)
Targeting $26.50 with a stop loss at $29.15. Still don't have a position though, reward to risk would have to be greater than 1:1.
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