01/04/2022 Watchlist Chart

01/04/2022 Watchlist Chart

 

Watchlist for 01/04/2022

 

$AMZN – The stock traded up 2.21% du ring market hours and was up 0.01% after hours. AMZN starting to break out of the daily down trendline and managed to close a strong bullish candle off the 3388 level again. The MMs pinned it near the 3400 as once it broke above, it slowed down and lost moment um towards the end of the day to move higher. If AMZN can get a bit more momentum, its setting up for a big run soon. Keep an eye on the 3412 (HOD on Monday) or back test 3400 level, as i t can test 3343 (hard resistance) to 3448 level resistance. Above 3448, it ca n test 3453 (SODMA) to 3486 level resistance. We will consider puts if AMZN fails to hold above the 3400 level, as it can test 3388 to 3343 level support.

Contract Suggestion :

Above 3412 or B/T 3400 level: 3500C 01/07 (23.3K Volume @8.45)

Below 3400 level :3350P 01/07 (3.lK Volume @13.35) or 3330P 01/07 (1.lK Volume @9.20)

 

 

$TSLA – The stock traded up 13.53% during market hours and was u p 0.85% after hours. TSLA gapped up big and ran to new high of the day most of the day and closed strong showing relative strength .On the weekly timeframe, TSLA broke out of the bull flag but must hold above that 1200 level to test ATH (1243). Keep a n eye on the 1200 or back test 1193 level, as it can test 1220 to 1243 level resistance. Above 1243, it can test 1257 to 1280 level resistance. We will consider puts if TSLA fa i ls to hold above the 1193 level, as i t ca n pull back down to 1175 to 1168 level support.

Contract Suggestion :

Above 1200 or B/T 1193 level: 1300C 01/07 (SO.SK Volume @7.90)

Below 1193 level: ll50P 01/07 (25.lK Volume @14.05) or ll00P 01/07 (31.7K Volume @4.90)

 

 

$AAPL – The stock traded u p 2.SOOA. d u ring market hours but was down 0.02% after hours. On the daily timeframe, AAPL managed to make a new ATH (182.88- 3 Trillion market cap) but failed to close above the previous ATH level (182.13). We are seeing a double top on this level unless AAPL ca n close above that level. Keep an eye on the 182 or back test 180 level, as i t can test 186 to 188 level resistance. We will consider puts if AA PL fails to hold above the 182 level, as it can pullback down to 180 to 177 (strong support) level.

Contract Suggestion :

Above 182 or B/T 180 level : 185C 01/07 (131.6K Volume @0.85) or 185C 01/14 (24.3K Volume @1.91)

Below 180 level :177.SP 01/07 (49.7K Volume @0.59)

 

 

$GS – The stock traded u p 3.34% during market hours a nd was up 0.42% after hours. Over the past month, GS has been trading within a range between 376 to 400 level with the upcoming FOMC meeting this Wednesday over potential discussion on rate hikes. GS was showing relative strength from the dip but quickly pulled back once it got near that 400 level. The SODMA continues to act as a dynamic resistance near the 395 level. Keep an eye on the 395 or back test 393 level, as it can test 400 to 402 level resistance. Above 402 level, it can test 405 to 407 level resistance. We will consider puts if GS fails to hold above the 395 level, as it can pull back down to 393 to 388 level support.

Contract Suggestion :

Above 395 or B/T 393 level :400C 01/07 (5.3K Volume @2.35)

Below 395 level: 390P 01/07 (795 Volume @ 2.15)

 

 

$DOCU – The stock traded u p 3.09% during market hours but was down 0.01% after hours. On the daily a nd weekly timeframe, DOCU has been trading with in an ascend ng triangle pattern with a big break out level at 160 once it can clear the 157-level resistance. There’s a huge gap to be filled from the earnings gap down from 155 to 227 level. We a re also starting to see the daily MAs curling up a nd MACO and RSI correlated the potential higher move . Keep an eye on the 160 level or back test 157 level, as it can test 165 to 172 level resistance. Above 172 level, it can test 177 to 180 level resistance. We will consider puts i f DOCU fails to hold above the 157 level, as it can pullback down to 152 to 147 level support.

Contract Suggestion :

Above 160 or B/T 157 level: 160C 01/07 (2.2K Volume @ 2.19) or 170C 01/21 (1.lK Volume @2.17)

Below 157 level: l55P 01/07 (327 Volume @2.61)

 

 

* *NEWS TO LOOK OUT FOR THIS WEEK **

 

  • FOMC Minutes on Wednesday (01/05) @ ll am PST/2pm EST
  • Unemployment claims Data on Thursday (01/06) @ 5:30am PST/8:30a m EST
  • Non -farm payroll for December 2021 on Friday (01/07) @ 5:30a m PST/8:30a m EST

 

 

 

 

Leave a Reply

Your email address will not be published.