Here's this weeks' stock watch list. The stocks to watch are: LAZR, JKS, PLTR, DISCA, SOLO, SPWR, BLNK, NNOX, NIO, CVET, PYPL, MSFT, JCOM, ZM, and NEE. Good luck and happy trading!
Note: If any charts are too small to see, you can click on them to see the full image.
1. Luminar (LAZR)
LAZR keeps creating higher bases and there is a large amount of volume at this level that can act as a support. Looking for a higher move to at least the most recent high, but ideally to ATH and beyond. Not interested if it starts breaking under $28.50.
2. JinkoSolar (JKS)
After a huge runup last September, JKS has taken a breather. "The longer the consolidation, the bigger the breakout" applies here. It seems to be in a buy zone that is supported by volume, similar to the LAZR chart above.
3. Palantir (PLTR)
PLTR is bouncing off the 20 EMA, which is also near a previous resistance (now support). Can get going again or consolidate here for a bit, not interested if it breaks under $30.50.
4. Discovery (DISCA)
A nice balloon raindrop formed on Friday. This means that volume was strongest in the upper end of the day's range, showing that bulls were in control. Stop loss under $39.75, expecting this to try and retest highs sometime soon, or at least $45. *Raindrop charts can be found on TrendSpider*
SOLO has been in our watch list for the past few weeks. We've been buying near the low range and selling at resistance levels. Currently only holding a small position but what you may possibly want to see if you're not in this is a few days of consolidation that will give you an entry for a long position. Not much resistance volume overhead.
6. SunPower (SPWR)
Engulfing candle formed at the 20 EMA (read about this setup here). Stop loss under Friday's low, expecting it to go higher. A break of Friday's high would be confirmation.
7. Blink Charging (BLNK)
Very nice setup here hovering around the 20 EMA. We are long from around $50. As long as this keeps setting higher lows, it will keep going.
8. Nano-X Imaging (NNOX)
Another 20 EMA bounce and is retesting previous resistance. No position yet, but on watch as this has potential. Confirmation if it breaks Friday's high.
9. Nio Inc. (NIO)
From last weeks' watch list. Trend is still intact for now. No position, but watching for a move in either direction as the range is bound to expand sooner or later.
10. Covetrus (CVET)
Decent break out here that can keep going. Only interested in a red-to-green move or a gap up that retests Friday's high and holds support.
11. Paypal (PYPL)
PYPL inside bar setup after a nice earnings gap. Break of ~$270 leads to ~$275, break of ~$265 leads to ~$261. Preferably would like an upside break out because it's in an uptrend.
12. Microsoft (MSFT)
MSFT same kind of inside candle setup as PYPL, just with smaller ranges. Levels marked on chart.
13. J2 Global (JCOM)
After retesting a previous resistance, JCOM seems to be heading higher again. No position currently but expecting new highs soon.
14. Zoom (ZM)
Zoom seems to have bottomed out and it broke out on Friday. Volume picked up too. The closest resistance is $427-428. After that, there isn't much resistance until the 480's.
15. NextEra Energy (NEE)
NEE has been trading in the range of that big red candle for 2 weeks. Looking for a break out in either direction. No position or direction bias currently.
Need Chart Software?
TrendSpider is a top-tier charting platform where traders can put their technical analysis skills to work. It offers automated technical analysis tools, dynamic price alerts, back testing, 1-on-1 training sessions for those who need extra help, and more. A very unique tool that TrendSpider has is Raindrop Charts, which can give you a great edge with your trading.
Get 10% off TrendSpider plans by clicking here & using the coupon code TS10 when signing up.
Thanks for reading! If you enjoyed this article, please consider following us on twitter @StockBrosTrades and/or subscribing to our free newsletter to get articles like this sent to you when they are posted!