10/04/2021 Watchlist Charts

10/04/2021 Watchlist Charts

 

Watchlist for 10/04/2021

 

$ROKU – The stock traded up 0.35% during market hours but was down 0.14% after hours. On the daily timeframe, ROKU has been trading in a falling wedge and bounced off a key strong support of the 300 level. So far, it’s been trading in a double inside day and managed to close a bullish pin bar last Friday. ARK investment has also been buying the dip on ROKU for the past few weeks as well. Keep an eye on the 318 level (high of the mother candle of the inside day pattern), if ROKU can break above with volume, it can test 320 to 323 level resistance. Above 323 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 307 to 302 level support. Below 302 level, it can test 300 level support.

Contract Suggestion:

Above 318 level: 320C 10/08 (1.5K Volume @5.65) or 325C 10/08 (450 Volume @3.95)

Below 309 level: 305P 10/08 (349 Volume @4.55) or 300P 10/08 (516 Volume @3.20)

 

All Fintwit talking about ROKU double inside day. Bullish above the trend-line > 314.  Watch out for bounces.

 

 

$AFRM – The stock fell 1.07% during market hours and was down 0.57% after hours. On the daily timeframe, AFRM has been trading in a double inside day pattern while in a wedge pattern. It has two large gaps to fill down below from the previous gap up to keep a watch out for if AFRM fails the lower of the mother candle of the inside day. Keep an eye on the 118 level, if AFRM can break above with volume, it can test 121 to 124 level resistance. We will consider puts if AFRM fails to hold above the 115 level, as it can pullback down to 110 to 106 level support.

Contract Suggestion:

Above 118 level: 120C 10/08 (2.4K Volume @4.70) or 125C 10/08 (796 Volume @2.95)

Below 115 level: 110P 10/08 (1K Volume @2.35)

AFRM double inside day

 

 

$BA – The stock traded up 2.76% during market hours and was up 0.32% after hours. Airlines were holding well despite the past week of pullback in the overall market. On the daily timeframe, BA has been trading in tight wedge and its looking ready to explode. BA has tested the 200DMA (228.46) twice and was rejected hard but held the 50DMA (221.60) which is acting as a dynamic support. If we see a rotation from tech into airlines, BA is set up to rip soon. Keep an eye on the 227 level, if BA can break above with volume, it can test 229 to 234 level resistance. Above 234 level, it can test 241 to 250 level resistance. We will consider puts if BA fails to hold above the 224 level, as it can pullback down to 221 to 219 level support.

Contract Suggestion:

Above 227 level: 230C 10/08 (9.6K Volume @2.23)

Below 223 level: 220P 10/08 (2.5K Volume @1.70)

 

$DISH – The stock traded up 3.91% during market hours but was down 0.13% after hours. On the daily timeframe, DISH is setting up for a breakout soon. It’s been trading in a tight wedge and has tested and approach the top trendline of the wedge. The MACD already crossed above green and RSI over 55 signals a bullish move. Keep an eye on the 45.50 level, if DISH can break above with volume, it can test 46.27 to 47.58 level resistance. We will consider puts if DISH fails to hold above the 44 level, as it can pullback down to 42 to 41 level support.

Contract Suggestion:

Above 45.50 level: 50C 12/17 (72 Volume @1.53)

Below 44 level: 44P 10/08 (52 Volume @0.53) – Wide Spread

 

***NEWS TO LOOK OUT FOR THIS WEEK***

  • ADP Employment on Wednesday (10/06) at 5:15am PST/8:15am EST
  • Unemployment claims data on Thursday (10/07) at 5:30am PST/8:30 am EST
  • Non-farm payroll for September 2021 on Friday (10/08) at 5:30 am PST/8:30am EST
  • Ongoing news on the infrastructure 2-track bill in congress

 

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