Tons of bullish-looking charts out there as well as bullish-looking Thursday reversal candles to play against this week.
LONG SETUPS
Strong Stocks Looking For Continuation
$GOOGL
Keep an eye on the $106 level, and if it doesn’t hold, watch for a potential drop to $104.7ish.
$AMZN
Looking to buy a flush into 50D sma. If it doesn’t, will consider going long if it climbs over $104.20. This could signal the start of the next leg up.
$NET
Look for a potential scoop at the quarterly pivot/20-day moving average. Keep in mind over $64 is the long continuation trigger.
$PYPL
This stock has had back-to-back inside weeks. Consider a scoop off the $73.2ish area with risk under $73 (over $72.97 is the failed weekly short continuation trigger). If the stock climbs over last week’s highs, consider joining the trend.
$WDAY
Consider scooping a flush vs Thursday’s LOD.
$NVDA
Shorts are currently bent on this stock, and a flush to 268 could be a buying opportunity.
Oversold Reversion Setups
$ETSY
Failed breakdown play as long as holds over $103.24. Want to go long over Thursday’s highs.
SHORT SETUPS
Weak Stocks Looking For Continuation
$DOCU
Consider shorting at $58.5 – $59, but be prepared to flip your bias if the stock climbs over $59.7.
$ABNB
Look for a potential shorting opportunity in the $115.5 area.
Overbought Reversion Setups
$ORCL
Look for a shorting opportunity in the $99- $100 area.
$EA
Consider shorting into the $128- $129 range.
$LLY
Keep an eye on the $375 area as a potential shorting opportunity.
Nimble Bias
$SQ
With back-to-back inside weeks, you may want to consider going long if the stock climbs over $69.74. However, under $65.81 is the daily short continuation trigger.
