10/01/2021 Watchlist Charts

10/01/2021 Watchlist Charts

 

Watchlist for 10/01/2021

 

$NVDA – The stock traded up 0.97% during market hours and was up 0.33% after hours. NVDA was showing strength at open but faded the rest of the day. It was hit by the 50DMA (210.52) that has been the resistance the day before. On the daily timeframe, NVDA closed below the previous break out level of 208 and its looking to test the overall lower trendline soon if it fails the 205 level. Keep an eye on the 208 level, if NVDA can break above with volume, it can test 210 to 213 level resistance. We will consider puts if NVDA fails to hold above the 208 level, as it can pullback down to 205 to 200 level support. Below 200 level, can drastically drop down to 197 to 194. Breaking that lower trendline and possible drop it down to the 100MA (193.61).

Contract Suggestion:

Above 208 level: 210C 10/01 (43.2K Volume @0.83)

Below 208 level: 207.5P 10/01 (11.4K Volume @ 2.28)

 

 

$ROKU – The stock traded up 3.44% during market hours but was up 0.04% after hours. ROKU finally started to show some strength despite the choppy market and surprisingly held majority of its gains. Its likely due to seller exhaustion as its has continued to be in a down trend for months since making all time highs. On the daily timeframe, ROKU closed an inside day so it can either implode or explode. We may see a small dead cat bounce on ROKU and a move lower if market continues to pullback again. Keep an eye on the 318 level, if ROKU can break above with volume, it can test 321 to 325 level resistance. Above 325 level, it can test 329 to 335 level resistance. We will consider puts if ROKU fails to hold above the 309 level, as it can pullback down to 300 (large buyer zone here) to 293 level support.

Contract Suggestion:

Above 318 level: 320C 10/01 (5.2K Volume @1.48)

Below 309 level: 305P 10/01 (2.6K Volume @1.14)

 

 

$FVRR – the stock traded up 2.85% during market hours and was up 0.16% after hours. FVRR were one of the few stocks that showed relative strength compared to the overall market. On the daily timeframe, it broke the rising wedge but has now been trading within an inside day. It looks like a dead cat bounce during Thursday’s trading sessions due to the lower volume traded that day and the failure to make a higher high. The daily MACD also crossed red. FVRR may consolidate sideways or move lower again. Keep an eye on the 184 level, if FVRR can break above with volume, it can test 191 to 198 level resistance. We will consider puts if FVRR fails to hold above the 178 level, as it can pullback down to 175 to 169 level support.

Contract Suggestion:

Above 184 level: 200C 10/01 (90 Volume @2.75)

Below 178 level: 165P 10/01 (53 Volume @ 2.40)

 

 

$SQ – The stock traded up 1.61% during market hours and as up 0.28% after hours. SW was showing relative strength compared to the overall market like FVRR. On the daily timeframe, SQ was hit the roadblock of the 200MA (240.21) and failed to close above, signaling a lack of strength in the move. SQ also traded with below average volume, so this may be a dead cat bounce. Keep an eye on the 240 level, if SQ can break above with volume, it can test 244 to 251 level resistance. We will consider puts if SQ fails to hold above the 236 level, as it can pullback down to 233 to 229 level resistance.

Contract Suggestion:

Above 240 level: 242C 10/01 (3.5K volume @1.38)

Below 236 level: 235P 10/01 (1.6K Volume @1.00)

 

 

 

 

 

 

 

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