10/08/2021 Watchlist Chart
Watchlist for 10/08/2021
$TSLA – The stock traded up 1.39% during market hours but was down 0.45% after hours. Through majority of the day, TSLA was showing relative strength despite the dipping market and shot up 1% after a rumor release of possible offering of dividends towards the later half in the day. TSLA had a shareholders meeting after market and was a non-mover. TSLA did not state any dividends, splits, 4680 battery cells, no cybertruck updates or any information on new cars. This may have been buy the rumor and sell the news type of play. Keep an eye on the 800 level, it’s still a major resistance for TSLA (rejected 3 times on the daily). If TSLA can break above with volume above 800, it can test 805 to 807 level resistance. Above 807 level, it can test 819 to 835 level. We will consider puts if TSLA fails to hold above the 791 level, as it can pullback down to 786 to 779 level support.
Contract Suggestion:
Above 800 level: 805C 10/08 (33K Volume @3.35) or 850C 10/15 (19.6K Volume @2.80)
Below 791 level: 780P 10/08 (20.6K Volume @3.85)
$UBER – The stock traded up 1.91% during market hours but was down 0.48% after hours. Strong break out on UBER on the daily timeframe from the ascending triangle pattern. It managed to hold above its gap up a few weeks back and has been consolidating and building up to this break out move with strong volume. Keep an eye on the 48.24 (Thursday’s HOD), or back test the 47 level as it can test 50 to 52 level resistance. We will consider puts if UBER fails to hold above the 47 level, as it can pullback down to 46 to 45 level support.
Contract Suggestion:
Above 48.24 level or back test 47 level: 49C 10/15 (3.7K Volume @0.63)
Below 47 level: 47P 10/08 (10.6K Volume @0.17)
$APPS – The stock traded up 3.98% during market hours but was down 0.13% after hours. APPS was another stock that was showing relative strength compared to the overall market and recently broke out of a descending triangle. Within that pattern, it was trading within an inverse head and shoulder pattern and managed to hold above the key break out level of 77 level. Keep an eye on the 79 level or back test of the 77 level, as it can test 81 to 83 level resistance. Above 83 level, it can test 88 to 93 level resistance. We will consider puts if APPS fails to hold above the 77 level, as it can pullback down to 75 to 71 level support.
Contract Suggestion:
Above 79 level or back test 77 level: 80C 10/08 (1.2K Volume @0.45) or 80C 10/15 (1.5K Volume @2.10)
Below 77 level: 75P 10/15 (99 Volume @1.85)
$AAPL –The stock traded up 0.91% during market hours and was up 0.17% after hours. On the daily timeframe, AAPL gapped up and held majority of its gains. It was able to hold above the 9MA (142.67) but was rejected at the 14MA (143.59). So far, we can see that the 141 level has been a solid support the past two days which coincides with the 100MA (141.23) as a dynamic support. Also, AAPL just broke out of the falling wedge on the daily timeframe but lacks significant volume. If we can start to see tech run, AAPL would be prime for a move into next week with a strong close on Friday. Keep an eye on the 143.60 level, if AAPL can break above with volume or back test 141 level, it should test 145 (previous support now turn resistance), to 148 level resistance. We will consider puts if AAPL fails to hold the 141 level, as it would pullback down to 138 to 135 level support.
Contract Suggestion:
Above 143.59 level: 144C 10/08 (98K Volume @0.38) or 145C 10/15 (56.6K Volume @1.19)
Below 141 level: 140P 10/15 (21K Volume @ 0.87)
***NEWS TO LOOK OUT FOR THIS WEEK***
- 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