02/10/2022 Watchlist Chart
Watchlist for Thursday, 02/10/2022
$GOOGL – On the daily timeframe, GOOGL has a triple top near that 3000 that continues to act as a strong resistance level. It filled the gap up and is currently holding the 50DMA (2818.75) as a dynamic support level. Indecision the past two days as evidenced by the daily doji candlestick pattern. If the market has a positive reaction to CPI on Thursday at pre-market, GOOGL can set up to re-test at least 2900 this week. Keep an eye on the 2843 or backtest 2820 level (near 50DM) as it can test 2850 to 2870 level resistance. Above 2870, it can test 2885 to 2900 level resistance. We will consider puts if GOOGL fails to hold above the 2820 level, as it can pull back down to 2800 to 2791 (9DMA) level support.
Contract Suggestion:
Above 2843 or B/T 2820 level: 2900C 02/11 (18K Volume @4.10)
Below 2820 level: 2750P 02/11 (1.6K Volume @4.60)
$ASAN – The stock traded up 11.04% during market hours and was up 0.44% after hours. On the daily timeframe, ASAN continues to have a nice trend day after the big pop during Tuesday trading secession. ASAN is currently closed above the top trend-line of the flag and looks like the 50DMA (65.04) is a magnet for a test. ASAN on the weekly so far showed a strong move after two weeks of accumulation and indecision. Keep an eye on the 60 levels, if ASAN can hold above this level, it can test 65 (50DMA) to 70 level resistance. We will consider puts if ASAN fails to hold above the 60 levels, as it can pull back down to 57 to 54 level support.
Contract Suggestion:
Above 60 level: 62.5C 02/18 (648 Volume @3.00) or 65C 02/18 (521 Volume @2.10)
Below 60 level: 57.5P 02/18 (514 Volume @ 2.10)
$NVDA – The stock traded up 6.36% during market hours but was down 0.02% after hours. Strong break out of the daily wedge and closed near high of the day showing relative strength. NVDA looks to be approaching the daily downtrend line near that 272 level soon to break out towards the upside. Keep an eye on the 272 or backtest 264 (100DMA) as it can test 277 to 285 level resistance. We will consider puts if NVDA fails to hold above the 264 level, as it can pull back down to 263 to 260 level support.
Contract Suggestion:
Above 272 or B/T 264 level: 270C 02/11 (63.1K Volume @2.99) or 275C 02/11 (14.8K Volume @1.41)
Below 264 level: 260P 02/11 (22.7K Volume @1.81)
$FB – The stock traded up 5.37% during market hours and was up 0.04% after hours. On the daily timeframe, FB looks to be forming a morning star pattern (bullish reversal pattern), and there were multiple bullish flows that came in during Wednesday trading sessions. We are starting to see some sort of a relief bounce on FB after the huge pullback from poor earnings report. On the weekly timeframe, it’s working its way to close a pin bar. Keep an eye on the 233 (HOD on Wednesday) or 235 level, as it can test 241 to 245 level resistance. We will consider puts if FB fails to hold above the 228 level, as it can pull back down to 224 to 220 level support.
Contract Suggestion:
Above 233 or 235 level: 240C 02/11 (78.9K Volume @1.22)
Below 228 level: 225P 02/11 (32.1K Volume @1.24)
$DIS – The stock traded up 3.33% during market hours and was up 6.64% after hours. DIS was up huge after hours due to a huge beat on the top and bottom line. On the daily timeframe, we see strong buyers holding that 141 level support with some accumulation heading into earnings report. Based on the after-hours price action, keep an eye on the 157 level or backtest 154 level, as it can test 161 to 165 level resistance. We will consider puts if DIS fails to hold above the 154 level, as it can pull back down to 152 to 148 level.
Contract Suggestion:
Above 157 or B/T 154 level: 160C 02/11 (19.2K Volume @1.65) or 165C 02/11 (9.7K Volume @0.97)
Below 154 level: 147P 02/11 (1.4K Volume @5.70)