Midweek Watch 10/06 - $CCJ Lines up with Trendline on the DailyMy Level: Long off $21
Why: Previous low and daily trendline
Coming back into a pocket around $21 which is right into the trendline on the daily
Midweek_watch_10-06-2021
Midweek Watch 10/06 - $NUE Looking for a Double Bottom My Level: Long off $94.60
Why: Annual pivot and Previous low
Provided nice opportunity last time when it came off annual pivot, so looking for the same this time. Maybe make a double bottom and push back up
Midweek Watch 10/06 - $AMD Should be Good if Market HoldsMy Level: Long off $101.25
Why: Prior Quarterly pivot & 65% Fibonacci retrace level
Had a really strong day today, closed on highs. Watching it off 100 for a few days or so, if market shows some strength tomorrow I think $AMD might be good for a join around that $101 level
Midweek Watch 10/06 - $EA Will See How It Reacts at $129 - $130My Level: Long off $130 & $129
Why: $130 is Prior monthly and you have a monthly pivot and quarterly around $129
When this stock was down around $125, I told how ridiculously oversold the name is, was on my #midweekwatch few weeks back. Want to see the action on it tomorrow, stayed really heavy all day. Hoping for a continuation tomorrow. Doesn’t mean it cannot come back to $125, but will see how it reacts around $129 & $130
Midweek Watch 10/06 - $AMAT is Bit Oversold TBHMy Level: Long off $125.30
Why: Previous low, 200D & Annual Pivot
This name is little bit oversold. You can see 200D is at $125.30 and Annual pivot is at $125.15
Midweek Watch 10/06 - $M Holding a Nice Trend on the DailyLong off $21.10
Why: Previous low, Quarterly pivot and 50D SMA
comments: Macy's is an interesting name, has a nice trend on the daily which lines up with my level if you draw a trendline. Been pretty strong since earnings, now pulled back a little. What im looking for is a higher low off this level
Midweek Watch 10/06 - $ASAN Hoping for Another Leg Up TomorrowMy Level: Long off $101.10
Why: Previous low and also a monthly pivot
Held the VWAP all day long. Hoping for another leg up tomorrow
Midweek Watch 10/06 - $COF Making a Higher Low on the DailyMy Level: Long off $164.40
Why: Previous low, closed above 50D SMA and has a higher low on the daily
It has based around 155s area and made a nice higher low off 50D SMA
Midweek Watch 10/06 - $GE 200D SMA SupportMy Level: Long off $102
Why: Previous lows, 200D SMA, Monthly & Quarterly pivot
Closed above the 50D SMA. I don’t know if the market is gonna gap up or down tomorrow. I want to be prepared if it comes into 200D SMA, I wanna be live there
Midweek Watch 10/06 - $ASO Could Provide Nice OpportunityMy Level: Long off $40.45
Why: Quarterly pivot, 50% retrace from today’s action and 50D SMA
Looking for little bit of retrace, closed on highs. If it clears $41 can head into the next consolidation area around mid $42s. Not a huge ATR, but could provide a nice opportunity
