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14 Stocks to Watch This Week - December 6, 2020, Stock Watch List

12/6/2020

 
14 Stocks to Watch This Week - December 6, 2020, Stock Watch List
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.
BLNK stock chart

2. Apple Inc. (AAPL)

Apple is forming a nice base here. It would be a good buy on a steady pull back.
AAPL stock chart

3. Amazon (AMZN)

Amazon is yet to find a direction, patiently waiting with alerts on both sides of the triangle.
AMZN stock chart

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.
AMD stock chart

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.
CAT stock chart

6. Mastercard (MA)

Inverse head and shoulders. Expecting it to move higher eventually, maybe even this week.
MA stock chart

7. Visa (V)

A more bullish version of the Mastercard chart above. Another sort of inverse head and shoulders.
V stock chart

8. Union Pacific (UNP)

UNP curling higher, targeting new highs. If it breaks out, target is $220. 
UNP stock chart

9. Canadian Pacific Railway (CP)

CP definitely looks like its heading higher. Using $321 as support (swing low). First target $340, second target $350.
CP stock chart

10. Corteva (CTVA)

Support around $37.75, bouncing off 9 EMA, looks bullish for now.
CTVA stock chart

11. Packaging Corp of America (PKG)

PKG keeps setting higher and higher supports. We think this should head higher soon.
Picture

12. Archer-Daniels Midland (ADM)

Cup and handle type of pattern, looks bullish, target $55 if the trend doesn't break.
Picture

Potential Shorts

13. Alliant Energy Corp. (LNT)

Bear flag that is yet to break. On watch, no position.
Picture

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.
Picture

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