Here's this week's stock watch list. This weeks' stocks to watch are: AMZN, JMIA, GOOG, FB, FOOD.TO, IIPR, SNPS, CJT.TO, FDX, WMT, PINS, EA, NIO, NVDA, AMD, and PLTR.
1. Amazon (AMZN)
No position yet, but looking for a break out of this range, or a dip to the lower end of the range for a buy.
2. Jumia Technologies (JMIA)
This stock has gone crazy as of late
Below is the 65 minute time frame. We are anticipating 1 of 2 things to happen. Either the stock will continue going up off of 9 EMA support as it has been, or it will try to make another run higher but then fail to make a higher high, and head lower (the green arc that we drew).
These are the scenarios that would make us trade the stock, not necessarily the scenarios that are bound to happen.
3. Alphabet, Inc. (GOOG)
Looking nice here, still overall bullish. It can head to $1817 where its previous highs were. If it breaks that, we're expecting a move near $1900.
4. Facebook (FB)
FB has resistance at around $280.50. If that is cleared, it can easily go to $290.
5. Goodfood Market (FOOD.TO)
On watch for a break out of the trend line indicated on the chart. Initial break out target would be $10.50 ish, and then possibly $13.
6. Innovative Industrial Properties (IIPR)
Expecting a move higher to happen soon as $148-149 area supported well.
7. Synopsys (SNPS)
Nice move over the 50 moving average. The past few times SNPS has done this, it made some nice moves higher. Not to mention, the Jurik moving average has went from red to green.
8. Cargojet Inc. (CJT.TO)
Cargojet, another reclaim of the 50 moving average like the SNPS chart above. A close over $220 would be good confirmation of a higher move to come.
9. Fedex (FDX)
Hovering near ATH. If it consolidates here for a few days and then starts to curl higher, it would probably be a good buy. No position yet.
10. Walmart (WMT)
Also hovering near ATH. On watch for a break out higher.
11. Pinterest (PINS)
PINS looks like its going to go higher. Strong up trend is in play until the 9 EMA is broken (orange line).
12. Electronic Arts (EA)
EA is at a key resistance point right now. Watching for either a break out over the 50 MA, or a rejection around this level for a move lower, nothing yet.
13. Nio, Inc (NIO)
NIO same as PINS and same as it has been for a while. Trend is in play until the 9 EMA breaks.
14. Nvidia (NVDA)
NVDA has been weak the past few weeks. The trend line support caught it though, however, so it still has a chance to head higher. If it breaks 540 on high volume it can head to $550 as the initial target, and $570 as the next target. If it doesn't do that, we won't be interested in any long positions. Watching also for a potential break down.
15. Advanced Micro Devices (AMD)
A break over $89 on high volume can easily take AMD near or past all-time highs.
16. Palantir (PLTR)
65-minute time frame. Refer to #2 JMIA, same exact idea.
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